Prominent Law Firm – Sold
Price: $1,800,000
Annual Revenue: $2,211,864
Net Cash Flow: $963,177
Industry: Services
Location: Philadelphia Area, Pennsylvania
This business has been sold. Please view our other legal services businesses for sale and contact us if you would like to sell your legal services business.
The company focuses on all aspects of insurance defense and affirmative lawsuits on behalf of insurance carriers. It has extensive experience in auto liability, property, and casualty insurance fraud, first and third-party benefits, bad faith, uninsured and under-insured motorist benefits, property claims, insurance coverage, class actions, product liability, and commercial litigation.
The company successfully serves and represents clients in local, state, and federal courts throughout the Commonwealth of Pennsylvania, concentrating in the five-county Philadelphia region. Clients include well-known, high-profile insurance companies, some of which have been clients for over 30 years, providing consistent repeat business. The company represents four insurance companies, and the most significant client represents 59% of its revenue.
Employees: There are (11) employees, excluding the owner:
(3) full-time lawyers,
(1) part-time lawyer,
(2) paralegals,
(2) legal secretaries,
(1) receptionist,
(1) office manager, and
(1) billing coordinator.
Facilities: The firm operates out of a 3,500-square-foot office.
Business Highlights:
- The business has a strong team with an excellent regional reputation.
- Profitable, with strong cash flow and the ability to expand services and regions.
- The owner is willing to remain through the transition period and after that.
- High-profile client list with repeat business and potential to expand services provided.
To ensure a smooth transition and leverage existing expertise, an attorney is the most suitable buyer for this opportunity since in PA, only attorneys can buy and operate law firms.
Further business details will be revealed only to those buyer prospects who have been screened.