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How do you allow for owner drawings when valuing a law firm?

A common question in recent times has been how to calculate net profit when working out the price of a law firm and in particular relating this to the situation where a seller is also working as a fee earner and taking drawings or dividend out of the business. The key question is usually whether […]


Where do I find a lawyer to complete my business purchase or sale?

Finding inexpensive or affordable solicitors to act for you in the sale or purchase of a law firm or accountancy practice can be quite difficult. Solicitors’ firms are set up to do commercial work, but the profitable commercial work is for large businesses and multinational PLCs and definitely not acting for SMEs! This means that […]


I’m fed up of running a law firm, can you help me?

A very common query into Ten Percent Towers – we get calls from partners of law firms asking us for advice on how they get rid of their law firms because they are completely fed up with them! We hear lots of different reasons for this, but they can be narrowed down into a few […]


What types of buyers purchase law firms and accountancy practices?

Who buys law firms and accountancy practices? Law Firms Law firm buyers fall into a few categories. Large investors buying into the sector, family buyers – purchasing for family members to take over and run a law firm, lawtech companies buying into the actual transactional side of the industry and companies in related sectors looking […]


What factors make for an easy sale?

In relation to law firms, by far an easy sale is one where the seller has a realistic idea as to the sort of price a practice is worth. Not only that, they have also communicated quickly each time an enquiry has been made, they have got all the paperwork together ready to go each […]


I am a sole practitioner. Is my law firm worth anything?

Yes it is. We have been involved in transactions for the sale of sole practitioner law firms on numerous occasions and whilst they are not for everybody the firms do still have a value. A couple of things you could consider doing to increase the chances of sale: a) convert your business into a limited […]


General FAQ's

Why are there so few accountancy firms for sale on your website? Do you provide accountancy practice valuations? Are business brokers regulated? What underhand tactics do business brokers use? How secure is our data? Do you offer due diligence services?