This firm provides family law-related services throughout
the state of Connecticut, catering to various legal needs
including divorce, custody, mediation, living wills & estate
planning, as well as consulting services. Unfortunately, the
divorce rate has more than doubled in the US since 1990.
The firm’s case breakdown reveals a strong focus on
divorce proceedings, which is approximately 70% of their
caseload, custody applications make up about 25% of
cases, with the remaining 5% in other legal matters and
mediation services. Operating from two locations, with a
3rd on the way, allows for strategic positioning which
enables them to serve a broad clientele across
Connecticut effectively. This firm employs a dedicated
team of 11 staff members comprising the office manager,
four lawyers, three paralegals, an administrator, and a
receptionist. The seller delegates caseloads among staff
and manages productivity with a very low caseload which
can be easily absorbed by the legal team. Owners’ role is
more growth & vision. To ensure a smooth transition for a
new owner, the seller has committed to providing a
transition period of 1-3 years based on buyer preference.
Additionally, the owner is willing to offer a 10% promissory
note plus a 10% equity roll or earn out. Growth
opportunities include geographical expansion and
marketing in new territories within Connecticut or even
beyond state lines.