This is a well-established personal injury law firm based in Austin, Texas, with years of experience representing injured individuals across the state.The firm was created to offer a client-focused alternative to large, high-volume firms, ensuring personalized legal representation for those suffering from car accidents, truck accidents, motorcycle accidents, and other serious injury cases.
The firm operates on a contingency fee basis, earning 33% of total settlements in standard cases and up to 45% in complex litigation. Revenue is solely generated from case settlements, with no hourly billing or consultation fees.
With an active docket of approximately 200 cases at any given time, this firm averages 7-10 new cases per month, primarily through its 5-star online Google listing and word-of-mouth referrals from satisfied clients.
Top Things You Should Know About This Business:
- The current owner works 20-25 hours a week handling management/owner day-to-day duties.
- The Seller will occasionally fill in for depositions or hearings when key attorneys are unavailable or ill.
- The firm has Key Attorneys in place for all the case work.
- Since 2021, the firm has consistently generated over $1,800,000 in Seller’s Earnings, with 2021 exceeding $5,000,000 and 2022 exceeding $4,000,000.
- The Seller’s Discretionary Earnings for the last four years are as follows:
2024 = $2,583,060
2023 = $1,824,977
2022 = $4,994,726
2021 = $5,470,576
ATTENTION BUYERS: If interested, we will require all potential buyers to show proof of funds for at least $800,000 and complete an NDA before releasing any information. This is the minimum down payment for an SBA 7a Loan with a Pari-Passu Conventional Loan totaling approximately $7,900,000 ($6,990,000 Sales Price + $750,000 Working Capital + $160,000 to seller for tax obligations for working capital). Additionally, to own a Law Firm in Texas, you need to be a Licensed Attorney.
Please feel free to inquire with any questions.
Ad#:2350891
