First steps for selling and exit strategies – can you advise?
We have written a full article here on the first steps to take when thinking about selling your firm or planning your exit strategy in advance.
READ MORE >Call in Confidence: 0800 246 5001
We have written a full article here on the first steps to take when thinking about selling your firm or planning your exit strategy in advance.
READ MORE >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 […]
READ MORE >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 […]
READ MORE >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 […]
READ MORE >Yes we do – our valuations are based on current deal experiences and suggested deal structures. We recommend having a valuation prior to listing your firm for sale. It can be completed within 2 weeks for most businesses.
READ MORE >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 […]
READ MORE >Yes, no and it depends on the circumstances is our answer! If a buyer purchases your law firm, becomes a director of the firm and the law firm carries on as before then there is no successor business because the law firm has continued to trade and no-one has become a successor and inherited the […]
READ MORE >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 […]
READ MORE >This is a nightmare situation for just about everybody concerned, whether you are the staff in that particular practice or the partner who has the problem with the other partner. It is an occurrence we come across fairly regularly, with partners having mental health problems, turning to alcohol or drugs or simply deciding they don’t […]
READ MORE >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 […]
READ MORE >Order an in-depth valuation report for your law firm or accountancy practice, including deal structure and improvement advice. Simply fill out the form – we will reply within 60 minutes during office hours.
Further Information on ValuationsWe offer four levels of service to all law firm and accountancy practice owners looking for a sale, merger or disposal of their business. We provide valuation reports and exit strategy advice as standalone services or as part of the Gold, Platinum or Platinum Plus services.
For permanent private practice or in house legal recruitment visit www.ten-percent.co.uk
For legal locum or consultancy recruitment visit www.interimlawyers.co.uk
For financial recruitment – industry or accountancy practice visit www.tenpercentfinancial.co.uk
Please fill out the form below to download a free copy of the Jonathan Fagan Business Brokers’ Guide to Selling an SME Law Business. The guide includes the sale process, valuations, exit planning and next steps.
If you have any questions regarding our service or anything that crops up during a potential sale, please get in touch.