Established Accident & Injury Law Firm

Thriving Firm in Desirable Location

Highly profitable firm with an average 21% Cash Flow Margin. The Firm averaged $3,541,467 in sales over 2020, 2022, and 2023. The Firm’s reputation & future caseload ensures the buyer’s experience will be turn-key & set up for success from day 1.

Demand for personal injury lawyers will likely grow in line with the aging US population. The Personal Injury Lawyers and Attorneys industry experienced slight volatility over the five years to 2023, largely because of the pandemic. Personal injury lawyers focused on other specialties or running more generalized practices fared better. Overall, revenue is expected to rise at a CAGR of 3.6% to $58.6 billion, including an estimated increase of 1.7% in 2023 alone. The pandemic necessitated widespread social distancing, resulting in the partial or complete closure of many court systems. The disruptions resulted in hearing delays and overall declines in litigation volume. Many smaller, unestablished firms were unable to weather the volatility. Though the average profit is high, most firms are small and handle few cases. As a result, even the loss of one or two cases could be highly detrimental. Over the five years to 2028, revenue is forecast to rise at a CAGR of 2.0% to $64.9 billion.

Despite the rise in safe driving technology, distractions on the road will continue to result in reckless driving. A growing number of vehicle accidents will result in a greater volume of automobile accident cases, boosting revenue. The aging population will also drive demand for malpractice cases. However, declines in workplace-related deaths and a lower crime rate will hinder greater growth.

This is the perfect add-on business for an existing law firm to expand its services and offerings. With two locations in Colorado and a healthy caseload, this is a great opportunity.