Law Firm in New Jersey
Off-MarketWest Caldwell, NJ
Law Firm In New Jersey
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$460,000
$350,000
76.1%
1988
30+ Days
Customers
The firm specializes in personal injury, workers compensation, real estate, and wills/estates/probate, with some municipal court work. The owner has a significant client base from his former employer including physicians, nurses, EMTs, paramedics, and residents.
Customer Acquisition
Primarily from word-of-mouth referrals and strong relationships with medical professionals from a former employer. Approximately 90% of intake is now conducted via Zoom, with minimal in-person office visits.
Team
The firm has one full-time paralegal with nearly 20 years of tenure and two per diem attorneys.
Owner's Role
The owner leads cases and leverages per diem attorneys to help manage the workload when conflicts arise or during absences. He has been working remotely from his home in Upstate New York for the last few years.
Reason for Selling
The owner is approaching age 69 and seeks to retire.
Contracts
No
Real Estate
The firm maintains a 1,650-square-foot office, which can be included in the sale if desired. A paralegal is present at the office daily, and a per-diem attorney rents office space there.
When Are You Looking to Sell
3-6 months
Licenses Required
Yes
Additional Notes
Workers' compensation and personal injury work is handled on a contingent fee basis: 33⅓% for personal injury and 25% for workers' compensation. Real estate work is billed hourly, as the owner prefers not to charge flat fees due to potential contract and environmental issues. Wills, powers of attorney, and medical directives are flat-fee arrangements.
Business ID: 1679
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