Schaffer Herring, PLLC
How we got $3.7M
Based on its 14 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
What they do
Schaffer Herring PLLC is a Tulsa law firm offering estate planning, probate, business, real estate, oil and gas, immigration and litigation services. It says it represents clients across Oklahoma and Texas.
From the company's website. Industry: Law firms.
Estimated value over time
▲ 26% since 2020Today's estimate scaled by the headcount reported each year and that year's prices. A trend, not a record of past sale values.
Employees over time
▼ 36% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 14 | $3.9M |
| 2020 | Form 5500 | 11 | $3.1M |
| 2021 | Form 5500 | 10 | $2.8M |
| 2022 | Form 5500 | 11 | $3.1M |
| 2023 | Form 5500 | 9 | $2.5M |
| 2024 | Form 5500 | 10 | $2.8M |
| 2025 | Form 5500 | 9 | $2.5M |
Participants are employees in the company's retirement plan at year end, from its Form 5500 filing with the Department of Labor. They usually run a little under total headcount (part-timers and new hires may not be eligible). Revenue and EBITDA apply this industry's revenue per employee and margin to each year's count.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| SCHAFFER HERRING, PLLC this business | $6.7M | — |
| SECREST HILL BUTLER & SECREST P C Tulsa · 28 employees | $10.3M | 0.0 mi |
| SELLERS LAW FIRM, A PROFESSIONAL CORPORATION Tulsa · 2 employees | $637K | 0.0 mi |
| Laura Jennings at SchafferHerring PLLC Tulsa | $942K | 0.0 mi |
| Stratton Family Law Tulsa | $942K | 0.0 mi |
| Shared Medical Systems Tulsa | $942K | 0.0 mi |
| J. MILLER LAW FIRM, P.L.L.C. Tulsa · 1 employees | $341K | 0.0 mi |
The full calculation
| Employees reported to the SBA | 14 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $4.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $8.3M |
| Estimate: the two combined (geometric mean) | $6.7M |
| EBITDA margin (industry, adjusted for size) | 16% |
| EBITDA = revenue × margin | $1.1M |
Figures are shown toward the upper part of their range rather than at its middle.
Brought up to date assuming revenue has grown 8% a year since 2020, when the PPP figures were reported; included above.
| Estimated value = EBITDA × typical sale multiple | $3.7M |
| Multiple for this size and industry | 3.4× |
| Value range | $1.9M – $5.1M |
| Revenue range | $4.4M – $7.6M |
| EBITDA range | $717K – $1.2M |
| Industry (NAICS) | Offices of Lawyers (541110) |
Low confidence: the employee-based and payroll-based estimates differ by more than 2×.
EBITDA margin: from IRS tax returns of S corporations in this industry (2019–2022), adjusted for company size: smaller companies typically run higher margins. EBITDA here is after owners' salaries.
Benchmarks: US Economic Census 2022. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
People & advisors
Leadership
- PHPatrick HerringAttorney · Company website · source
- DJDavid J. SchafferAttorney · Company website · source
- JAJohn A. Burkhardt, Jr.Attorney · Company website · source
- LWLaura W. JenningsAttorney · Company website · source
- KPKarri PayneAttorney · Company website · source
Advisors
- BankingSecurity BankPPP / SBA lender
From the company's own website and public filings (DOL Form 5500, IRS Form 990, SBA). Roles are as stated there and may be out of date.
Banking relationships
| Security Bank PPP 2020, PPP 2021 | All 617 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/4/2020 | first | $402K | 13 |
| 1/23/2021 | second | $234K | 14 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Schaffer Herring, PLLC
Schaffer Herring, PLLC is a law firms company in Tulsa, Oklahoma, in business since 2013. Its estimated annual revenue is about $6.7M, with roughly $1.1M of EBITDA. It has about 9 employees. Its estimated business value is $3.7M (likely range $1.9M–$5.1M).
Common questions
- Who owns Schaffer Herring, PLLC?
- The owner of Schaffer Herring, PLLC isn't in public records we've found yet. If you own or run the business, you can add or correct its details on SeeBITDA.
- How much revenue does Schaffer Herring, PLLC make?
- SeeBITDA estimates Schaffer Herring, PLLC's annual revenue at about $6.7M (likely between $4.4M and $7.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Schaffer Herring, PLLC worth?
- About $3.7M, roughly 3.4× its estimated EBITDA of $1.1M, typical for a law firms company its size. Likely range: $1.9M–$5.1M.
- How many employees does Schaffer Herring, PLLC have?
- About 9, from its 2025 retirement-plan filing.
- When was Schaffer Herring, PLLC founded?
- Schaffer Herring, PLLC has been in business since 2013.