Established in 2014, this Florida legal practice provides property insurance litigation, condo law practice & legal counsel services to drug rehab facilities contributing 70%, 20% & 10% of revenues, respectively. The firm operates through a remote model for case management, enabling low overhead costs. A team of 8 professionals, including 4 attorneys, manages 350+ active cases with a 99% settlement rate.
The practice generates revenues of approximately $1.8M +/- 10% annually. The firm has multiple fee structures including statutory provisions, settlements, and fixed retainers. Established adjuster referral networks maintain stability in revenues while remote operations and technology integration maintain profitability even during industry downturns.
Non-Attorney Ownership Eligible: The practice’s operations are structured separately from legal services, enabling non-attorney ownership while employed attorneys handle legal judgements. Business operations and management can be handled by non-attorney owners.
Client Sourcing: The practice generates cases through two primary channels. Insurance claims come through established public adjuster referral networks, ensuring consistent case flow without marketing costs. The remaining revenue stems from direct property owner referrals and management companies, particularly in property law matters. A 99% settlement rate maintains these referral relationships and drives repeat business.
Reason for Selling: Owner seeks transition to the finance sector which is in line with his interests. Comprehensive transition support includes introductions to key referral relationships and system training.
Financials: The firm generated $1.8M in revenue in 2024, with an adjusted EBITDA of ~$620K (34% margin). With remote operations and an established referral network, the practice is forecast to achieve $2.1M in revenue by 2026, while maintaining approx. 30%+ margins
Market Overview: Florida’s insurance litigation market operates through established referral networks, where public adjusters’ direct property insurance claims to law firms. This model eliminates marketing costs while ensuring consistent case flow. Proposed legislation (Senate Bill 554, 2025 session)i aims to restore attorney fee provisions, expanding revenue opportunities. The combination of predictable referrals and statutory fees creates a stable market environment with growth potential through operational scaling.
Growth Opportunities: The practice operates at capacity with a backlog of 40 several unfiled cases and consistent referral flow exceeding current bandwidth. This presents immediate growth potential through three channels: hiring additional attorneys leveraging the remote model, implementing AI tools to increase case processing efficiency, and capitalizing on proposed legislation (Senate Bill 554, 2025 session) that aims to enhance fee recovery structures for insurance litigation. Growth can be achieved without marketing investment, focusing solely on servicing existing demand.
