I have a limited company SRA regulated practice and am thinking about closing down. What should I do?

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Talk to us first. If you have a clean PII record, a trading history and no major issues then assuming you have the time to go to market (ie you don’t need to close within a matter of days) your business almost certainly has a value, particularly at this time of year when there tends to be a surge in buyers looking for ‘shell law firms’ (a business without any clients, staff or much else). Shell law firms can sell for up to £50k in the right circumstances, although the price varies widely depending on circumstances and market conditions. This leads into the next query:

If you have any questions regarding your law firm, future acquisition plans or valuations, please get in touch – full contact info available at https://jonathanfagan.co.uk/contact/

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