Founded in 1992, a well-established boutique law practice specializing in estate
planning, estate and trust administration, probate, business law, and tax
planning. For more than three decades, the firm has built a reputation as one of
the leading estate planning practices in the Greater New Haven market, serving
high-net-worth individuals, families, business owners, and fiduciaries through
long-standing referral relationships with attorneys, accountants, financial
advisors, and existing clients.
The practice generates revenue from a diversified mix of legal services, led by
Estate Planning (46%), Estate Administration (27%), and Trust Administration
(16%), creating a balanced combination of transactional work and recurring
fiduciary engagements.
The firm's mature trust administration portfolio provides
an ongoing stream of recurring revenue while estate planning naturally feeds
future estate administration work, creating a self-replenishing client
lifecycle.
Financially, the firm has demonstrated strong profitability, generating
approximately $1.53 million in trailing twelve-month revenue and approximately
$665,000 of adjusted EBITDA, representing a 43.
4% EBITDA margin. Following
operational changes after the departure of a former partner, the practice has
returned to consistent growth.
The firm's competitive position is supported by more than thirty years of market
presence, an experienced legal staff with lengthy tenure, established operating
systems, modern legal technology, and a broad referral network that continues to
generate new matters without formal advertising.
Demographic trends further
support future growth as an aging population increases demand for estate
planning and estate administration services while many competing estate planning
attorneys approach retirement with limited succession planning.
The seller is pursuing retirement but remains flexible regarding transition
timing and is willing to remain involved for an extended transition period to
ensure continuity of client relationships and operations. Additionally, the
affiliated real estate, which houses the firm's long-term office location, is
available for purchase as part of the transaction, providing an opportunity for
buyers seeking both the operating business and the underlying real estate.