Prominent Law Firm – Sold

Price: $1,800,000
Annual Revenue: $2,211,864 Net Cash Flow: $963,177
Services 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.

law-firm-300x200-1
Contact Us About This Listing
John Geaneotes Synergy Business Brokers PA NJ

John Geaneotes Senior M&A Broker

  • This field is hidden when viewing the form

Similar Listings Based on Location and/or Industry

inside-flight-simulator-cockpit-training-inside-flight-simulator-cockpit-training-161041778-300x200-1
Flight School Partnering With Regional Airlines and Area Colleges – SBA Approved
Asking Price: $650,000
Annual Revenue: $799,839 Net Cash Flow: $147,847
Transportation Services
Pennsylvania
chiropractic
Rehabilitation and Chiropractic Practice: Multi-disciplinary
Asking Price: $900,000
Annual Revenue: $1,481,333 Net Cash Flow: $489,862
Health Care
Pennsylvania
Pickleball
Pickleball Training Equipment Platform, Established Brand Recognition
Asking Price: $2,000,000
Annual Revenue: $1,890,000 Net Cash Flow: $443,000
Manufacturing
Pennsylvania
oxygen-tanks
Growing Home Medical Equipment and Respiratory Services Provider
Asking Price: $4,000,000
Annual Revenue: $10,000,000 Net Cash Flow: $515,000
Health Care Distribution
Pennsylvania