Law firms and legal services businesses listed for sale on BizBuySell offer a variety of services focused on providing legal guidance, ensuring compliance with regulations, and protecting client interests. These firms typically specialize in areas such as business law, dispute resolution, litigation, estate planning, criminal defense, personal injury, immigration, and corporate law. Some businesses may not be law firms but focus on legal support services or document preparation.
If you are in the market to buy or sell a law firm or legal services business, it’s important to understand how these businesses perform financially, and how they are valued in the business for sale market. To help you get started, we have aggregated data from law practice and legal service business for sale listings to surface typical financials as well as revenue and earnings multiples based on asking prices. These values can provide relevant context when evaluating individual businesses.
Market Snapshot
Number of Business Listings Analyzed |
80 |
Median Asking Price |
$624,989 |
Median Reported Revenue |
$641,190 |
Median Reported Earnings |
$265,913 |
Financials based on businesses that listed an asking price, annual revenue, and seller's discretionary earnings.
|
Law Firm & Legal Services Business Valuation Multiples
Range |
Revenue |
Earnings (SDE) |
Lower Quartile |
0.71 |
1.50 |
Median |
0.98 |
2.55 |
Upper Quartile |
1.38 |
3.43 |
Revenue and earnings multiples based on reported revenue, seller's discretionary earnings, and asking price.
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Read the Report:
Law Firm & Legal Services Business Valuation Benchmarks
FAQs
How much does it cost to buy a law firm?
Prices vary depending on the size of the business listed, but the median asking price for a law firm or legal services business is $624,989.
How much do law firm business owners earn?
Law firm or legal services business owners report median annual sales of $641,190 and annual owner earnings of $265,913. These figures are based on businesses that have listed their annual revenue and seller's discretionary earnings.
How do I value a legal practice?
Valuing a legal practice or legal services business involves considering several factors, including annual sales, profit, growth (or decline) trends, and demographic trends of the local market. Brokers, business owners, and business buyers will typically rely on valuation multiples to gauge business value relative to similar businesses in the market. Revenue multiples among law firms and legal services businesses listed for sale range from 0.71 to 1.38, with the median at 0.98. Earnings multiples range from 1.50 to 3.43, with the median at 2.55. These values suggest the average law firm or legal services business in the U.S. may sell for around 0.98 times its annual revenue, and 2.55 times its annual owner’s earnings.
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