Legal & CPA Firm Business Valuations

Serving Miami, Miami-Dade County & South Florida.

Industry Description

This category covers law firms, CPA firms, and other professional service practices, where personal goodwill of the individual professionals is often a larger share of value than in other industries.

Common Business Characteristics

High dependence on individual professionals' relationships and reputation
Personal goodwill vs. enterprise (firm) goodwill split is a central issue
Partnership/ownership agreements often dictate valuation methodology for internal transfers
Client relationships may not be fully transferable in a sale

Valuation Considerations

Separating personal professional goodwill from transferable enterprise goodwill
Applying methodology consistent with the firm's partnership or buy-sell agreement, where one exists
Assessing client concentration and referral-source dependence
Understanding regulatory/licensing restrictions on ownership transfer

Benchmark Data

$1M–$5M Net Sales tier — Accounting Services (national): MVIC/Net Sales 0.98 · MVIC/Gross Profit 1.03 · MVIC/SDE 2.92 · MVIC/EBITDA 4.92 $1M–$5M Net Sales tier — Law Firms (national): MVIC/Net Sales 0.50 · MVIC/Gross Profit 0.50 · MVIC/SDE 3.31 · MVIC/EBITDA 6.01 Sector statistics (Law Firms, national): ~452,969 establishments · 21.0% average profit margin · $267,000 revenue per employee · 3.4 average employees · $104,272 average wages per employee

This page covers both accounting/CPA firms and law firms, which have meaningfully different multiples — shown separately above rather than blended into one figure.

National industry data, cross-checked against a sibling Minerva Valuations site's live benchmark source and verified against duplication/labeling errors found elsewhere in that source before use. Not Miami-specific — shown as a representative national reference point, not a claim about the Miami market specifically.

Relevant Services

Business Valuations · Litigation Support

Valuation & Advisory Support

Miami Valuator is a valuation-driven advisory firm supporting transactions, disputes, tax matters, financial reporting, and M&A execution — anchored in disciplined analysis.

Professional standards: Our analyses are prepared with reference to USPAP, American Society of Appraisers guidance, AICPA valuation standards, and CFA Institute principles.

Talk to Our Team