General Practice with Emphasis in Business Law, Transactional Matters and Litigation

$150,000

Law Firm Information:

CityHomewood
StateIllinois
Zip/Postal Code60430
Primary Practice AreaGeneral Practice Law
Secondary Practice AreaBusiness Law
Tertiary Practice AreaCivil Litigation
Geographical Practice Area -- By CountyCook County, Will County, and DuPage County
Number of Clients in Client Base251-500
Number of Clients who Have Been Clients for 5 Years or More251-500
Number of Clients Served in the Last 12 Months250 +
Average Gross Revenue PER CLIENT During the Last 12 Months$1,001 - $2,500
Accounts Receivable BalanceConfidential
Total GROSS Revenues in Most Recent Calendar YearMore than $500,000
Total GROSS Revenues in Second Most Recent Calendar Year$250,001 - $500,000
Total GROSS Revenues in Third Most Recent Calendar Year$250,001 - $500,000
Firm Ownership StrutureProfessional corporation
Number of Lawyers in Law Firm with Ownership Interest1
Ownership Interest Being Sold100% of a lawyer's "book of business"
Seller's Willingness to Help Buyer During Transition Period After SaleTo be negotiated.
Seller's Willingness to Train Buyer to Learn Substantive Area of LawWith compensation, training can be provided.

Why a Buyer Should Be Interest in Seller's Legal Practice

Eliminating the top 15 grossing clients of this business would not severely impact this practice. The practice is very diverse and capable of enduring downturns in the economy and related matters.

Description of Law Practice:

Mr. Ryan has been in private practice since 1995 at 18141 Dixie Highway, Suite 115, Homewood, Illinois. The firm represents approximately twenty-five (25) Condominium and Homeowners’ Association Boards of Directors. The firm also represents approximately 90 small business entitites on various matters. Mr. Ryan also engages in Estate Planning matters, including Wills, Trusts, and Powers of Attorney. The firm also represents numerous landlords in tenant related matters. The firm also engages in both Commercial and Residential Real Estate transactions. Finally, the firm engages in Commercial and Consumer Litigation, primarily related to contract claims.

The Firm currently has three (3) long-term employees, including Mr. Ryan. The firm is desirous of either currently absorbing an attorney to acquire the firm’s practice or to sell its assets to the appropriate purchaser. The timeline for any acquisition and/or transfer is not specific, but is expected to occur in no less than two (2) years or more than five (5) years. We seek qualified licensed applicants. Please reply confidentially at this site.

June 28, 2022 4:22 pm

9947 days, 16 hours

Listing ID 19062bb298dd7fb6 68 total views, 1 today