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Stay appraised of all the latest business considerations in the jewelry industry! The report explains how jewelry stores operate, the nature of their revenue streams, value drivers, the industry environment, the risks involved, and other key factors.
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BV News and Trends May 2022
A monthly roundup of key developments of interest to business valuation experts.
BV News and Trends June 2023
A monthly roundup of key developments of interest to business valuation experts.
Fair Price for Delaware Fiduciary Actions Can Exceed Appraisal Fair Value
Can fiduciaries of Delaware corporations breach their duties and face damages for a merger that provides stockholders with the equivalent of fair value in a judicial appraisal? The answer may surprise you.
How the Healthcare Industry Misuses and Abuses Survey Data
Compensation survey data do not provide a complete and precise depiction of the physician marketplace for any physician deal. The authors debunk the current “survey says” paradigm and provide the foundation for a completely new standard for the fair market value of physician clinical compensation.
Large U.S. commercial law firms have no value?
"Is there a willing buyer out there for any of these firms?” At those values—wouldn’t the equity partners be scrambling to “cash in their chips”?
BV firms seeing more fee pressure from law firms
It’s a sentiment offered by a number of BV firm insiders who completed our short survey on law firm clients.
Global BV News: Global trademark values of law and accounting firms
In recent months, M&A and valuation interest in professional service firms have been increasing.
Hard times at the nation’s top law firms may hit BV firms
Time will tell, but lawyers account for more than half of the work referred to business valuation firms, according to BVR’s 2009 Business Valuation Firm Economics & Best Practices Survey.
Goodwill valuation for law firms
When valuing a law firm, how do you put a price on a lawyer’s reputation?
Fundamental trends in professional services firms are creating opportunities for BV
At a third session at the AICPA Family Law Conference last week, Ron Seigneur told the audience that professional services firms, such as accounting and law practices, are in a state of transition.
Experts provide insight on valuing law practices
Join BVR on June 29 for the latest installment in our Industry-Spotlight Series, “Valuing Law Firms.”
IRS plans to launch its transfer pricing ‘SWAT team’
Tthe IRS is planning to “crush” transfer pricing abuse by recruiting “a crack unit of specialists” from Big Four audit firms, boutique consultancy firms, and top law firms.
Haven’t had enough of Bernie Madoff?
Law firms representing institutional clients who dealt directly with Madoff are now gearing up for potential litigation.
Looking for a few good industry experts
BVR has done a series of webinars and What It’s Worth guides that cover specific types of firms, such as restaurants, construction companies, law firms, breweries, wineries, automobile dealers, and even paving contractors.
New guide on law firm valuation
A surge in law firm M&A along with the impending mass retirement of baby-boomer attorneys who own law firms means a wealth of opportunities for business appraisers and consultants.
Excess earnings valuation of law partnership upheld
One of the issues appealed in this marital dissolution concerned the husband's interest in his law partnership.
Partnership Agreement and Excess Earnings Method Considered
The California Court of Appeal, Second District affirmed the valuation of an attorney’s interest in a law partnership. The partnership interest was valued under the partnership agreement at the value of its capital account, exclusive of goodwill, accounts ...
Valuing Contingent Liability in Bankruptcy Precludes GAAP Standard
In fraudulent conveyance suit, bankruptcy court admits expert’s testimony on reasonable compensation as it relates to reasonably equivalent value for the debtor law firm’s payment of its partners’ income taxes, but strikes insolvency expert’s opinion for ...
Court Avoids Danger of Double Dip When No Claim for Alimony
Appellate court permits valuation of professional’s earning capacity (goodwill) in appraisal of small law practice when there was no child or spousal support at issue.
Valuing a Law Firm, Commercial Goodwill, and Contingency Fee Cases
Court considers difference between professional/commercial goodwill in valuing plaintiff’s litigation law firm with large, contingency fee work.
Excess Earnings Method ‘Better Isolates’ Business Goodwill
Court of Appeals affirms use of excess earnings method to calculate business goodwill in husband’s law firm interest; no controlling authority exists to mandate that trial court limit its use to cases in which pertinent financial data is unavailable, cour ...
Work in Progress Should Be Considered When Valuing a Law Firm
The 9th Circuit Court of Appeals affirmed and reversed a Tax Court decision, valuing stock in a law practice.
Credentialed Business Appraiser’s Opinion Accepted over Accountant’s Opinion of Value
In Jeffrey T. Wing Personal Law Corporation v. Michael R. Hoogbruin Law Corporation, 2005 BCSC 1690 (CanLII) (decided December 2, 2005), the Supreme Court of British Columbia computed the damages for unilateral termination of a law partnership. In 1993, W ...
Reasonable Compensation Analysis Must Incorporate Applicable Legal Test
Tax Court finds CEO compensation reasonable under the independent investor test when return on equity approaches 20% but finds -15% return unacceptable and adjusts compensation to result in 10% return.
After Passing Daubert, Lost Profits Expert May Have Won Settlement for Client
Federal district court denies Daubert challenge to plaintiff’s lost profits expert, finding his reliance on optimistic management projections and comparable companies were better suited for cross-examination rather than exclusion.