PI Law Firm with Proven and Repeatable Case Acquisition Process

Cook County, IL
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Asking Price:$4,000,000
Gross Revenue:$1,881,404
EBITDA:$885,416
Cash Flow:$1,088,978
Rent:$3,900/Month
Established Year:2000
BUSINESS DESCRIPTION

Opportunity to Enter and Grow you Law Practice

Established in 2000, this Personal Injury law firm stands out with its unique business-minded approach. The seller, recognizing the firm as more than just a legal entity, has crafted the firm to operate with the efficiency and effectiveness of a well-run business.

An emphasis is placed on streamlined processes and systems to oversee cases from inception to resolution. Their guiding principle, to achieve the highest dollar value recovery as quickly as possible for their clients, is seamlessly integrated into their case management framework, dictating their commitment to client service, operational principles, and overall approach.

Central to the firm is its comprehensive Firm Manual, which encompasses its mission and delineates every necessary step to ensure top-notch client service. The firm has instituted individual, team-wide, and firm-wide processes to cultivate and uphold client trust while meeting all attorney licensing requirements. The firm’s implementation of "cross checks" guarantees the punctual fulfillment of all deadlines and procedures.

Renowned for its expertise and compassionate approach, the firm has achieved a historical settlement average of $150,000 and above. It also enjoys a stellar reputation, holding a perfect 5.0-star rating on Google and an impressive 9.7 rating on AVVO.

While the years 2020 and 2021 saw challenges due to the closure of Chicago courts amid the COVID-19 pandemic, the firm experienced a resurgence in 2022. With courts fully operational, their revenue and Seller's Discretionary Earnings (SDE) swiftly rebounded to pre-pandemic levels. In 2022, revenue doubled in 2021 to $1,341,500, with SDE skyrocketing to $573,793—five times greater than in 2021. The upward trajectory continued in 2023, with revenue climbing by 40% to $1,881,404 and SDE by 90%, reaching $1,089,793. Cases currently in process indicate that his upward trend in both revenue and SDE will continue in 2024.


DETAILED INFORMATION
Location
Cook County, IL
Inventory
Not Included in asking price
Real Estate
Leased
Employees
9
Facilities
Functional office in a downtown setting. Conveniently located close to the courts.
Competition
Competition is very strong in the area. There are many good firms with good attorneys. The challenge is the client acquisition process. While most firms rely upon TV, radio, and billboards, this firm's success is driven by a proprietary, in-house web marketing, SEO, and social media process, which funnels leads into the firm's established and proven client in-take and engagement process. Results are consistent monthly lead volume, which, paired with their intake process, yields a 20% conversion rate, equaling 5 – 6 new cases per month.
Growth & Expansion
Increase the online marketing spend to create more leads. Expand the practice with additional attorneys.
Support & Training
30 days provided. The seller is willing to stay longer if the buyer desires.
Reason for Selling
Owner desires to pursue other interests.
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Fred
Sussman
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Fred Sussman