Getting ready to retire or take down your shingle? Looking to expand your practice or relocate within Illinois? Use the listings below to see what opportunities are available to purchase an existing practice. The service is available to all lawyers—rural or urban, boutique or general, solo practice or firm.
For Sellers
If you are selling your practice and wish to include it in this listing, click on the button below to fill out a form detailing your practice. After payment of a small listing fee, the form will be posted on this webpage in its entirety. However, the seller’s name will remain confidential. If a prospective buyer is interested in purchasing the practice, they will contact the ISBA and the ISBA will provide them with the seller’s name and contact information. The seller and prospective buyer are then free to communicate with each other (or not) with no other involvement of the ISBA.
For Buyers
If you are looking to purchase an existing practice, review the available listings below. If you are interested in pursuing an available opportunity, contact the ISBA at [email protected] or call 800-252-8908 and you will be given the seller’s information so you may contact them directly. There is no financial obligation to you for making the call.
Related Resources
Listings
ISBA Reference Number: 16
County: Lake Circuit: 19
Geographic area served by the practice: Lake County, McHenry County, and Cook County.
Practice Area(s): Exclusively - Personal Injury and Workers' Compensation. There is the ability to expand into other areas if an additional attorney is added.
More information about this practice
Approximate monthly cash flow: Varies, but approximately $87,000 over the last 12 months 7/24/23 to 7/24/24.
Gross revenue for each of the last three years: 2021 - $485,876; 2022 - $1,404,470; 2023 - $974,549.
Number of currently employed nonlawyer office staff: 1
Number of currently employed lawyers: 1
Year when practice established: 1994
Reason for selling: Looking to phase out of the practice of law over time and enjoy more time with family and friends. Looking for an attorney or firm that has the maturity and capability to take on not only larger cases but handle the day-to-day management of a smaller practice with many files in litigation and pending trial.
Is transition assistance available? Yes. I fully anticipate that any attorney or firm that would like to step into my practice will need assistance getting up to speed on all aspects of my cases from current litigation status, medical records, etc. We use Smokeball which greatly organizes all files. As a small practice, almost all my clients have had a long-standing relationship with the firm. I am not looking for a quick transfer of files but a longer transition to an attorney or firm that can manage not only the current files but continue to grow by taking advantage of an established firm that produces exciting cases that will last long into the future. I am also not expecting an attorney or firm to come in the door with a large check to buy out the practice. I want to ensure my clients are properly served and have a few large cases that are headed for trial right now. I fully anticipate and want to work together with new counsel on pending case files to serve my current client better and transition cases to new counsel as appropriate. There is a lot of room for flexibility depending on the circumstances.
Please provide any additional information you would like a prospective purchaser to know We use Smokeball as our case management software which allows for working remotely and motoring staff who can also work remotely. There are a few existing contracts for various services. The firm owns the website, the phone system, the computer server, all desktop computers, the copier (just purchased), and all furniture, etc. The office has a waiting room, 3 offices, and a large secretarial main office, a conference room, washroom, kitchen area, and basement for storage. I own the building that the firm leases on a triple net basis. It has been recently remodeled inside and out. It is located on a main street in the downtown area with 3 eliminated box signs facing the main street. The firm also owns a website that is over 15 years old and is under contract with a marketing company. The location, the website, and other advertising efforts produce ongoing client calls and cases that have produced the income stream that we have enjoyed for over 30 years. This firms offers an attorney or firm with the ability and determination to answer the phone, take on the cases, and manage the practice with the opportunity to enjoy years of income stream that far surpasses the paycheck associated with working at many large firms.
ISBA Reference Number: 15
County: Cook Circuit: Cook
Geographic area served by the practice Cook County and collar counties
Practice Area(s): Personal injury and workmen's compensation
More information about this practice
Approximate monthly cash flow: varies because of contingent fees. See yearly gross.
Gross revenue for each of the last three years: 2021 - $847,614; 2022 - $389,290; 2023 - $475,049
Number of currently employed nonlawyer office staff: 1
Number of currently employed lawyers: none since associate left in March
Year when practice established: 1976
Reason for selling: Would like to have reduced hours and eventually retire
Is transition assistance available? Yes, would like to have my paralegal continue and my lease is not up yet but I would be responsible.
Please provide any additional information you would like a prospective purchaser to know Practicing for 58 years , most of my practice is repeat clients and referrals from prior client. The non litigation is successful but needs someone to do or refer litigation to.
ISBA Reference Number: 14
County: Cook Circuit: Cook
Geographic area served by the practic:e Greater Chicago area serving North, Northwest and West Suburban areas.
Practice Area(s): Probate and non-probate administration; fiduciary income tax and estate tax preparation and audit practice; Estate Planning; residential and commercial real estate transactions including sales, purchases, development, management; corporate and LLC organization; small business sales and acquisitions.
More information about this practice
Approximate monthly cash flow: $8,350
Gross revenue for each of the last three years: 2021 - $106,453; 2022 - $103,498; 2023 - $101,092
Number of currently employed nonlawyer office staff: None
Number of currently employed lawyers: 1
Year when practice established: 1970
Reason for selling: Retirement
Is transition assistance available? Yes The only time limitation being due to my wife's health situation.
ISBA Reference Number: 13
County: Cook Circuit: Cook
Geographic area served by the practice Cook, Lake, DuPage, Will, Kane Counties.
Practice Area(s): Primarily family law, some estate planning and real estate.
More information about this practice
Approximate monthly cash flow: $40,000 -$59,000
Gross revenue for each of the last three years: 2021 - $616,000; 2022 - $547,000; 2023 - $607,000
Number of currently employed nonlawyer office staff: 2
Number of currently employed lawyers: 1
Year when practice established: 2002
Reason for selling: Extremely busy practice with established referral base. Preference is to stay on in a reduced role in order to continue referral business and manage cases but also allow for more time with family and travel.
Is transition assistance available? Yes. As mentioned, would continue in reduced capacity.
Please provide any additional information you would like a prospective purchaser to know Building is also owned and has additional attorneys that rent space. Purchase of building is optional.
ISBA Reference Number: 12
County: Cook Circuit: Cook
Geographic area served by the practice Cook and Lake County. My office is located in the northwest side of Chicago. Most of my clients are from the Chicago area and north and west suburbs.
Practice Area(s): Family law, Probate and estate planning, and real estate.
More information about this practice
Approximate monthly cash flow: $20,000 to $25,000
Gross revenue for each of the last three years: 2021: $255,000; 2022: $285,000; 2023: $222,000.
Number of currently employed nonlawyer office staff: 1
Number of currently employed lawyers: 1
Year when practice established: 1994
Reason for selling: I am 69 years old and seeking to retire
Is transition assistance available? Yes. I am happy to continue in some capacity to assist with client transition, office management, and continued generation of office revenues.
Please provide any additional information you would like a prospective purchaser to know My office is located on the northwest side of Chicago in a diverse neighborhood. I have a well established firm with a strong client base.
New client business is generated from individuals who reside relatively close to my office as well as word of mouth referrals from prior clients and repeat clients. As the purchaser you can easily work on site or remotely. Sales price will include a fully furnished spacious office with secretarial and multiple attorney stations and access to computers, scanners, fax machine and photocopier.
ISBA Reference Number: 11
County: Cook Circuit: Cook
Geographic area served by the practice All of Illinois and limited practice in Wisconsin and occasionally in Indiana.
Practice Area(s): Special education law; disability rights; school discipline; higher education accommodations and test and licensing accommodations; Mental Health Confidentiality law; representation of mental health and human services agencies and providers.
More information about this practice
Approximate monthly cash flow: $110,000
Gross revenue for each of the last three years: 2021: 800,000; 2022: 1,400,000; 2023: 1,150,000
Number of currently employed nonlawyer office staff: 5
Number of currently employed lawyers: 2
Year when practice established: 2012
Reason for selling: I am 68 years old and eager to work less, while keeping the practice viable.
Is transition assistance available? Yes. I am happy to continue in some capacity to facilitate transition with clients, marketing efforts, and office management.
Please provide any additional information you would like a prospective purchaser to know I have one of the most established and long lasting special education practices in the United States. I have high name recognition locally and nationally within this field. I have vast connections with schools, clinicians, and disability and parent advocacy organizations. I also have an excellent professional and support staff who are dedicated to the firm and have excellent skills in each of their areas. I have many returning clients and strong word of mouth support.
ISBA Reference Number: 10
County: Cook Circuit: Cook
Geographic area served by the practice Illinois
Practice Area(s): Personal injury, uninsured/underinsured motorist, wrongful death, premises liability, dog bites.
More information about this practice
Approximate monthly cash flow: $80,000
Gross revenue for each of the last three years: 2021 - $667,000; 2022 - $1,341,000; 2023 - $1,881,000
Number of currently employed nonlawyer office staff: 4
Number of currently employed lawyers: 2 - including owner
Year when practice established: 2015
Reason for selling: After many years of dedicated service, the owner has decided to transition into retirement and is seeking a successor to continue the firm's legacy and provide excellent service to its clients.
Is transition assistance available? Yes, for a period of up to one year.
Please provide any additional information you would like a prospective purchaser to know Owner willing to finance up to 50% of sale
ISBA Reference Number: 8
County: Jefferson Circuit: 2
Geographic area served by the practice Effingham County north to Alexander County south and St.Clair County west to Lawrence County east.
Practice Area(s): General practice with focus upon family law, creditors' rights, estate planning and probate, and general litigation.
More information about this practice
Approximate monthly cash flow: $38,000
Gross revenue for each of the last three years: 2021: $602,921; 2022: $458,870; 2023: $457,49
Number of currently employed nonlawyer office staff: 4; one full time and three part time
Number of currently employed lawyers: 2
Year when practice established: 1996
Reason for selling: Health issues with one partner and the other partner looking to relocate
ISBA Reference Number: 7
County Cook Circuit 1
Geographic area served by the practice My office is on the Cook/DuPage border. Most clients are from Cook or DuPage.
Practice Area(s) Primarily Estate Planning and Estate Administration
More information about this practice
Approximate monthly cash flow $10,000
Gross revenue for each of the last three years $140,000 fairly consistent
Number of currently employed nonlawyer office staff I now have an attorney for 20 hours a week on a temporary basis
Number of currently employed lawyers 1
Year when practice established 1995
Reason for selling Retiring
Is transition assistance available? yes. I prefer to work a minimal amount of hours for a few years, if acceptable.