Offices of Lawyers Revenue Benchmarks

How much does the average offices of lawyers business make? Here are revenue benchmarks based on Census Bureau data.

Average Revenue

$1.5M

per year

💰

Profit Margin

22.0%

industry average

📈

Revenue / Employee

$234K

per year

👤

Total Businesses

158,695

in the US

🏢

Est. Owner Income

$339K

small business avg

💵

Labor Cost

50.0%

of revenue

👥

Avg Employee Wage

$129K

per year (BLS)

💼

Market Saturation

47.9

firms per 100K people

🎯

💰 Average Revenue by Business Size

1-4 employees
$246K
5-9 employees
$954K
10-19 employees
$2.4M
20-99 employees
$8.5M
100-499 employees
$49.8M
500+ employees
$385.1M

🏆 Highest Revenue States

1.Delaware$3.6M avg2.New York$3.0M avg3.Pennsylvania$2.0M avg4.Massachusetts$2.0M avg5.Illinois$1.9M avg6.Minnesota$1.8M avg7.California$1.7M avg8.Virginia$1.5M avg9.New Jersey$1.5M avg10.Wisconsin$1.5M avg

📊 Industry Dynamics (Census BDS 2023)

New Business Rate

7.79%

openings/year

Closure Rate

8.48%

closings/year

Net Job Growth

+0.67%

annual

Businesses Closed

11,798

in 2023

Firm Count Trend

19
20
21
22
23
154,182 firms147,965 firms

💡 Should You Start a Offices of Lawyers Business?

Startup Cost

$25K – $100K

Break-Even

2 months

5-Year Survival Rate

72.0%

🆚 Related Industries

Administrative Management and General Management Consulting Services$1.9MCustom Computer Programming Services$3.9MOffices of Certified Public Accountants$1.9MComputer Systems Design Services$4.2MMarketing Consulting Services$880K

Compare Offices of Lawyers revenue with other industries:

vs Administrativevs Customvs Offices