As a recap for why the rewards outweigh the risks for growth by acquisition, Senior Attorney Match’s Jeremy E. Poock, Esq. summarizes the following 6 rewards that growth by acquisition offers to Growing Law Firms: (1) Instant client growth by succeeding to a well-established Book of Business filled with clients & referral sources.   (2) Adding knowledgeable & experienced lawyers and para-staff.   (3) Low risk earnout payments as consideration to the owner(s) of a selling law firm (percentage of revenues paid during a fixed period of time).   (4) Opportunities to convert decades of Subject Matter Knowledge to digital content for Multi-Channel Digital Marketing.   (5) Succeed to a legacy phone number(s).   (6) Benefit from established websites & additional digital value (egs. SEO rankings, 5-Star Google Reviews, 3 Pack results & more).   Poock also summarizes the following 3 risks:   (1) Potentially overpaying a Seller if the clients from a selling law firm’s Book of Business do not retain the acquiring firm.   (2) Not having enough lawyers & para-staff to provide legal services to the clients of a selling law firm   (3) The costs of adding overhead associated with growth by acquisition (egs. salaries, benefits, additional rent, etc.)   In conclusion, Poock states, “The rewards absolutely outweigh the risks when it comes to growth by acquisition for Growing Law Firms.”