Law practices, with anything privileged taken out

A great part of a firm's value is in material prepared for its own attorneys:

• Your precedent library and templates
• Checklists and training guides
• Know-how and research memos
• Intake, staffing and workflow records
• Narratives from billing, every identifier taken out

Originals never leave your systems, and nobody asks for passwords. Buyers license nothing but the prepared copy you signed off on, and any practice group or set of templates can be held back.

Privileged material is removed from the copy. Client matters can be left out completely, and many practices never put them in. What, if anything, fits your professional duties is for your practice and its counsel to decide. We do not offer legal advice on it.

In anything that stays, the names of clients, other parties, lawyers and staff are replaced with placeholders, as are matter numbers and other identifiers. Before anything leaves, you and your counsel can both check a sample.

Ask for the estimate, which never needs a client name or a document. Use the short call to collect the answers your counsel will want: which systems are being discussed, how placeholders work, and how the sample is reviewed. Stopping is always an option before approval. The decision to go ahead, or not, stays with the practice the whole way through, and there is no cost either way.

Buyers get the internal material you approved, prepared as a copy. Think of a precedent with drafting notes explaining when to use each clause, with all names and identifiers swapped out. Material like that shows how experienced lawyers reason, which public text rarely captures. Anything privileged is removed, client matters may stay out altogether, and no one outside the firm ever gets into your document management platform. Counsel is free to review the sample first.