Professional practices are businesses comprising doctors, dentists, lawyers, accountants, engineers, or other types of professionals.  A valuation of a professional practice may be required a result of disputes between owners, professionals buying into or exiting practices, or divorce proceedings involving owners of professional practices.  The quantification of losses incurred by a professional practice may be required for a variety of reasons such as breach of contract and breach of fiduciary duty.

Over the years, CHS has performed valuations of a number of different types of professional practices in connection with divorce proceedings, owner disputes, and other disputes.  Key to these assignments was gaining an understanding of the contributions of the various owners of the practice and whether they were expected to continue to practice subsequent to the valuation date, reviewing any past transactions involving the practice being valued, reviewing transactions involving similar practices on or around the valuation date, and reviewing industry-specific valuation metrics.