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Post by counsel on Jun 22, 2008 20:56:52 GMT -5
Someone asked me what I thought would be the appropriate price (or contingency rate) for the sale of an active social security practice. I was not sure but thought it might be an interesting topic to pass the time. Any thoughts?
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Post by Propmaster on Jun 23, 2008 13:53:18 GMT -5
I know of someone who took the Social Security "department" of a large firm with him when he started his own firm, and he had to "value" the outstanding cases. I think the assumption was made that about half of the work would have been done on average (since the cases were at all stages) and, thus, that about half of the expected fees were due the other firm. I think he worked out his average case fee at about $1500 (not average fee, but including losses, etc.).
Presumably, if you could average a fee, multiply by the number of cases, and come to a present value calculation, you could do it mathematically.
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