Do-it-Yourself Estimates
In addition to training, research, databases, and expert support, NACVA, through its partnership with ValuSource Software, has developed many tools to help practitioners perform their analyses. Two of these tools were developed with legal professionals in mind: Online Business Valuation (OBV) and Damages Advocate (DA). Using OBV you can perform a quick but simplistic business valuation to get a ballpark sense of what the value of a business might be, most necessary in sizing-up the matter or claim at hand. DA is a little more complex than OBV but still relatively easy to use in gauging damages for wrongful injury, wrongful death, and wrongful termination lawsuits. Thus, instead of pulling numbers from thin air, you can get a fairly accurate fix on damages before calling upon the experts.
Neither tool is intended to replace the need for a qualified expert, of whom we have thousands.