General Practice with Emphasis in Business Law, Transactional Matters and Litigation
Law Firm Information:
|Primary Practice Area||General Practice Law|
|Secondary Practice Area||Business Law|
|Tertiary Practice Area||Civil Litigation|
|Geographical Practice Area -- By County||Cook County, Will County, and DuPage County|
|Percentage of Legal Practice Involving Litigation||11% - 25%|
|Number of Clients in Client Base||251-500|
|Number of Clients who Have Been Clients for 5 Years or More||251-500|
|Number of Clients Served in the Last 12 Months||250 +|
|Average Gross Revenue PER CLIENT During the Last 12 Months||$1,001 - $2,500|
|Accounts Receivable Balance||Confidential|
|Total GROSS Revenues in Most Recent Calendar Year||More 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 Struture||Professional corporation|
|Number of Lawyers in Law Firm with Ownership Interest||1|
|Ownership Interest Being Sold||100% of a lawyer's "book of business"|
|Seller's Willingness to Help Buyer During Transition Period After Sale||To be negotiated.|
|Seller's Willingness to Train Buyer to Learn Substantive Area of Law||With 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.
Exact Office Location Is Confidential
- Homewood Illinois 60430
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