Do you want to start a law firm business by buying a franchise? If YES, here are 8 best law firm franchise opportunities for sale and their cost.
Lawyers are indispensable when it comes to the progress of a nation and its individuals. According to the National Center for State Courts (NCSC), U.S. residents filed over 100 million new lawsuits in state courts in the year 2003 alone. This is a staggering statistic which shows the importance of legal services in the united states.
Currently, there are over 1.1 million licensed attorneys in the United States, according to the American Bar Association (ABA). Approximately 42,600 new lawyers each emerged from the nation’s 191 ABA-approved law schools in the academic year 2005-2006.
Looking at the legal market in terms of the number of law firms, there were 47,563 law firms serving the U.S. in the year 2000 according to the American Bar Foundation. Just over three-quarters (76%) of law firms have five or fewer attorneys, and an additional 13% employ six to ten attorneys. Only about 1,000 law firms consist of 40 lawyers or more, according to American Lawyer Media (ALM).
Participants in the Law Firms industry range from sole practitioners to full-service legal firms mostly serving corporate clients. Industry growth has been modest over the five years to 2019 as businesses expand and corporate profit increases. Over the five years to 2019, revenue is expected to increase at an annualized rate of 2.2% to $331.4 billion, including an increase of 1.9% in 2019.
Despite the services being provided by law firms, only a few of them offer franchise in the United States because of the nature of the business. The law firms that offer franchises include franchise law firms, divorce firms, litigators and civil law services. Here they are;
8 Best Law Firm Business Franchise Opportunities for Sale and Their Cost
- Legal Value Firm
Legal Value Firm is a general practice law firm, with attorneys practicing in a professional retail space, giving clients greater access to legal services, in a branded environment. They opened their doors on January 27, 2014 in Torrance, California, recognizing a need to reshape the law firm paradigm, for the benefit of consumers and small businesses.
Legal Value Firm attorneys are focused on providing excellent customer service to their clients on a wide range of legal needs, at mostly flat fee prices. They do this in an approachable, professional, yet easy to access retail law firm setting. Their attorneys are skilled and trained and want clients to feel comfortable in their neighborhood firm environment.
- Initial investment range – $158,500.00 to $337,000.00
- Initial franchise fee for one firm – $47,000.00
- Minimum net worth – $300,000.00
- Minimum liquidity/available cash on hand – $100,000.00
- Pacific Divorce Management
Pacific Divorce Management helps individuals and couples address the financial aspects of divorce in a civilized, equitable, and efficient manner by providing expert divorce financial planning and advice.
In the traditional American divorce, both parties obtain an attorney; bitter litigation ensues and whoever is awarded the majority of assets wins. It is a depressing process that has significant, and sometimes permanent, financial and emotional consequences for all parties involved. It is a terrible way to end a marriage and does not allow for wise divorce financial planning.
Their mission is to provide divorce financial planning services that focus on long term well-being because they have experienced – professionally and personally – that the financial decisions made during a divorce will very likely be the biggest and most difficult decisions the parties will ever make.
They see divorce not as a battle to be fought but as a problem to be solved through teamwork of the parties, along with the guidance of their attorneys, divorce financial planning experts, and counseling professionals. This legal service firm offers franchising and their franchise requirements are available through request.
- We The People USA, Inc.
We The People is a rapidly growing network of offices, that provide high quality, affordable legal document preparation to people who choose to represent themselves in uncontested legal matters.
We The People is the national leader in legal document preparation services. In fact, We The People is the only national chain that provides high quality, affordable legal document preparation to consumers who choose to represent themselves in uncontested legal matters. The company offers more than 80 common legal documents, including divorce, living trusts, incorporation, and Immigration.
We The People serves customers who cannot afford the high cost of attorney fees, as well as those who can – and simply choose not to. Since it was founded in 1985, We The People has served over 550,000 customers at 163 offices in 30 states. Ranked 124th on Entrepreneur Magazine\’s Franchise 500 list, We The People continues to excel as one of the fastest growing franchise concepts in the country.
- Liquid Capital Required: $123,200 – $169,500
- Cash Investment: $9,500
- Investment Range: $9,500 – $9,500
FranServe is the largest and fastest growing franchise marketing, consulting, and expansion firm in the industry with nearly 1,000 affiliated consultants and partner members located throughout the US, Canada and Internationally. Their reach in discussing franchise opportunities extends to thousands of potential franchise buyers each month.
Their Corporate Team of industry experts has over 100 years of combined experience in the franchise industry and provides world class training, support, tools, and leadership to their growing organization of consultants.
The company assists candidates in identifying and exploring ideal franchise opportunities that meet each candidate’s professional and personal goals as well as helping them access the capital to own and operate that franchise. Their consultants also work to help business owners who wish to turn their successful business into a franchise.
- Initial Investment – $24,900
- Total Investment – $24,900 – $30,000
- Attorney at Law Magazine
Attorney at Law Magazine is a national network of local magazine about and for the local legal community. The magazine provides attorneys with information about practice management and legal marketing while highlighting local success stories of both lawyers and law firms.
The magazine also features columns penned by local practitioners and industry-related professionals on the latest trends in their area of expertise.
Attorney at Law Magazine has created several unique content marketing products that help the legal community in their marketing efforts. While Attorney at Law Magazine is driven by the publication, it is a content marketing opportunity for the legal community to drive the business.
- Initial Investment – $86,000
- Liquid Cash Requirement – $21,000
- Tayne Law Group
Leslie H. Tayne, Esq. has almost twenty years experience in the debt resolution industry. Considered a leader and pioneer in debt relief services, Leslie along the help of her debt resolution team, reshaped the debt relief industry by providing effective, proven solutions to her clients’ financial needs.
The Tayne Law Group, founded in 2001 by Leslie has helped its countless clients relieve the stress and burden that debt has caused.
Their firm as a whole is comprised of people who are committed to helping others both in and out of the office. They pride ourselves on establishing quality relationships with their clients and always take the time to understand their unique situation. Furthermore, their open-door and no billing policies ensure that clients can speak to them about their situation without worry of being surprised by an unexpected bill.
- Initial Investment: $83,820
- The Franchise Guru
Harold L. Kestenbaum is an attorney who is specialized in franchise law and other matters relating to franchising since 1977. From May 1982 until September 1986, Harold served as franchise and general counsel to Sbarro, Inc., the national franchisor of over 1,000 family-style Italian restaurants and, was a director from March 1985 to December 2006.
From September 1983 to October 1989, he served as President and Chairman of the Board of FranchiseIt Corporation, the first publicly traded company specializing in providing franchise marketing and consulting services and equity financing to emerging franchise companies, which he co-founded.
Harold’s expertise in franchise law is enhanced by his practical experience in serving as the Chief Executive Officer of a national franchisor and in serving as a Director of numerous nationally and internationally known franchisors, experiences that are rare and unique in the area of franchise law.
He is equally franchising his franchise law firm, the franchise guru. You can contact them through their website if you are interested in the business.
- Franchise Foundations
Franchise Attorney MBA and former franchise owner who not only just talks the talk, but has actually walked the walk, owning and operating a very successful franchise, guides you step-by-step and gives unparalleled advice and strategies.
Franchise foundations helps in how to franchise a business, how to buy a franchise, franchise disclosure documents, franchise operations manuals, franchising vs. licensing, franchise consultants and franchise expert advice by a leading franchise attorney in San Francisco, California, Napa Valley Wine Country, California and Singapore.
They also provide a complete menu of franchise development, franchise consulting and franchise management training workshops to help firms organize, document business operations & procedures, protect proprietary assets, as well as plan and launch effective franchise and licensing expansion programs.
They equally have a franchise development cost savings budget that will save your business tens of thousands of dollars when franchising a business.