Property Insurance Claims Law Firm
Founded in 1990, this Southern New England based law firm primarily represents owners of commercial and residential real estate that are seeking claim settlements with property insurance providers. Approximately, 70% of the firm’s revenues are derived from fees generated through practicing this type of law. The rest is derived from a combination of personal injury, family practice and corporate law work. Most property insurance and personal injury litigation cases are taken on a contingent basis and the balance on an hourly fee basis. The backlog of potential recoverable fees from 35 on-going cases stands at $2.2 million. The firm has four active attorneys and five support staff. It is entirely owned by one of the attorneys. This acquisition is an excellent opportunity for any law firm seeking to expand their property insurance claims practice or enter into this area of the law. For any firm whose practice carries a high volume of injury case work, this acquisition would enable them to attract new clients and gain experienced attorneys.