Industry Report: Offices of Lawyers

industry-reportThis month’s Industry Report includes the metrics and common size information for Offices of Lawyers.

You already have your financial statements in hand, you know your metrics, now let us provide some information that will help you see how you compare to your competition.

We have provided key financial metrics through 2016 for Offices of Lawyers located in the U.S. with sales between $10 million to $50 million.  We have also provided common size information to see how your balance sheet and income statement compares to your competition.

For 2016 alone, there are 11-26 companies factored into the averages below.  Gross profit margins of 99.88% increased roughly 0.27% from 2015 margins of 99.61% while sales growth remained strong increasing roughly 65.55% from 10.45% in 2015 to 17.30% in 2016.

Use this information to identify areas where you are doing well, or areas where you may have an opportunity to improve. Or, just use it to support future decisions.

Click on the links below to view the metrics and common size information for Offices of Lawyers.

Offices of Lawyers – Industry Financial Data and Ratios
Offices of Lawyers – Industry Data Common Size

Would you like us to give you more details on how your company compares? Would you like to see more refined results specific to your state, region, or sales range? Contact Dan Sturm, Principal at McKonly & Asbury via our contact page if you would like to discuss any of this information further.

Daniel Sturm, CPA

Daniel Sturm, CPA

Daniel Sturm (CPA) is a Partner with McKonly & Asbury and a key leader of the firm’s external audit segment serving middle-market, closely held businesses. His industry focus includes manufacturing, insurance, construction, and nonprofits. Daniel also serves as the firm’s Employee Benefit Plan Audit Services Coordinator.

If you have any questions regarding this article or would like to speak to someone about our services, please email Daniel at dsturm@macpas.com.

Daniel Sturm, CPA

PrimeGlobal


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