Law Firms

Industry Description

This industry comprises offices of legal practitioners known as lawyers or attorneys (i.e., counselors-at-law) primarily engaged in the practice of law. Establishments in this industry may provide expertise in a range or in specific areas of law, such as criminal law, corporate law, family and estate law, patent law, real estate law, or tax law.

Benchmark Data

$1 Million - $5 Million Net Sales

  • MVIC/Net Sales: 0.5
  • MVIC/Gross Profit: 0.5
  • MVIC/SDE: 3.31
  • MVIC/EBITDA: 6.01

Statistics (Law Firms)

  • Number of Establishments: 452,969
  • Average Profit Margin: 21.0%
  • Revenue per Employee: $267,000
  • Average Number of Employees: 3.4
  • Average Wages per Employee: $104,272