Top Attorney Placement
This successful firm during past 13 years has provided Attorney search and placement nationwide for American Lawyer 100, American Lawyer 200 and boutique firms. They place high level Partners, Entire Practice Groups, and Branch Offices. They have active Fee Agreements with approximately 165 of the top American Lawyer 100 and American Lawyer 200 law firms. They have regular phone calls and meetings with key players at top firms to understand their current hiring strategy, specific needs for partners, counsel and groups throughout the country.
Additionally, they reach out with specifically designed email requests constantly updating firm client needs and growth priorities. They also speak with several of these firms regarding their interest in expanding their geographical footprint and opening new geographical locations, expanding existing practice areas and acquiring new practice areas in geographic locations throughout the United States. The financial is for average of last three years. The business has very impressive margin and low overhead. They had 8 placements in 2022 with average salary for one placement of approximately $511,666. The company average fee is about 25%.
Financial Information
- $2,900,000 Asking Price
- $1,113,000 Cash Flow
- $1,790,000 Gross Revenue
- On request Down Payment
Business Location
- City: Confidential
- State: Maryland
Reason for Sale
- Owner retiring
Detailed information
- Year Established: 2010
- Home Based: Yes
- Franchise: No
- Relocatable: Yes
- Lender Prequalified: No
- SBA Prequalified: No
- Part-Time Employees: N/A
- Contractors: 2
- Owner Worked Hours/w: 40
- Adjusted EBITDA: $993,000
- Inventory Included: No
- Monthly Rent: N/A
- Real Estate Available: No
- Real Estate Included: No
- Real Estate Value: N/A
- FF&E Included?: No
Training/Support
- Owner is willing to provide support and training after closing for smooth transition and client retention. The business has manual and procedures for training. Also, current recruiters have deep knowledge of business operation.
Facilities
- The business is conducted from an owner owned office. (Home Based)
Market Outlook/Competition
- The legal partner, group and mergers and acquisitions market is white hot and continues to be that. Although they work nationally, they do that with one or two recruiters. This business can be scaled to have recruiters or several recruiters serving every major geographical market. The management chose to perform search and placement for top pay attorneys and not to spend time on recruiting lower salary and starting level attorneys, this differentiate them form staffing firms.
Business Listed by
Majid Zarinbaksh
Sunbelt Montgomery & Frederick CountiesContact Business Broker
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