Legal Services in Tennessee — margin & local benchmarks
The legal services industry's national net profit margin is 43.8% (national, owner-operator basis — no state-level margin exists in any public source). In Tennessee, there are 2,605 legal services establishments.
43.8%net profit margin · owner-operator basis
Owner-operator basis (IRS SOI sole proprietorships, TY2023): net income less deficit ÷ business receipts, at NAICS 5411 (Legal Services). Sole-proprietor labor is not expensed, so this overstates corporate-style profit. Profit margin is published only nationally (IRS SOI);
this site never adjusts it to look local — see methodology.
Legal Services in Tennessee
Local counts from Census County Business Patterns (2023) and BLS QCEW. Establishment counts survive disclosure suppression; payroll/wage cells may be withheld and are then shown as insufficient data.
| Metric | Value | |
|---|---|---|
| Establishments in Tennessee | 2,605 | State 2023 source ↗ |
| Employment in Tennessee | 15,651 | State 2023 source ↗ |
| Annual payroll in Tennessee | $1,439,547,000 | State 2023 source ↗ |
| Average weekly wage in Tennessee | $2,011 | State 2024 source ↗ |
Business survival rates by firm age are published by Census BDS at the national level only (not by state or industry jointly) — so no local survival figure is shown here, rather than a misleading one.
Metro-level counts, multi-year trends, and geography-to-geography comparison are available to subscribers. This page shows the current national margin plus current Tennessee counts.
Frequently asked
How many legal services businesses are in Tennessee?
2,605 establishments (Census County Business Patterns, 2023).
What is the average legal services wage in Tennessee?
$2,011 per week (BLS QCEW 2024, private sector).
What profit margin do legal services businesses make?
About 43.8% net margin nationally (owner-operator basis, IRS SOI) — no state-level margin is published.
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