New Law Firms for Sale 22nd May 2023
May 22, 2023
Click here for our regularly updated list of firms for sale. New Listings Ref 100332 – Hertfordshire SRA regulated sole practitioner’s firm for sale in Hertfordshire. No staff. Work split of 90% Conveyancing and 10% other. Mainly local clientele but the ability to work nationally. Profit on average of £54k over the past two years. […]
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Law Firms for Sale Update 4th May 2023
May 04, 2023
Click here for our regularly updated list of firms for sale. New Listings Ref 100327 – Quick Sale Sought – CLC Firm A recently established CLC regulated limited company solicitors’ firm in West Yorkshire looking for a sale. No staff. Firm is 100% conveyancing with a balance of 80% residential and 20% commercial work. The […]
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Law Firms For Sale Update 24th April 2023
April 24, 2023
Click here for our regularly updated list of firms for sale. New Listings 100319 – West London Long established SRA Regulated partnership in west London looking for a sale or merger. Turnover in excess of £400k pa, small team of staff for TUPE. Locally based clients mainly from recommendation or repeat customers. SQM accredited and […]
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Can I sell my smaller sized law firm to a local larger law firm?
April 22, 2023
I often have conversations with owners of law firms about their exit strategy, and I am often informed that the exit strategy is simply to contact larger firms locally, advise them that they are planning to exit and the large firm will pay them to take over the practice. The large firm will simply buy […]
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How to Improve the Value of a Small Law Firm – keep a record of client sources
April 22, 2023
This is a new series of articles on improving the value of your law firm. It is aimed at smaller high street practices. The first article is on adding value by recording client source information. How many firms actually know where all their clients come from? I suspect it is not as many as you […]
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How long does it take to sell a law firm?
March 22, 2023
The usual answer is how long is a piece of string, but see below for a slightly longer explanation in our FAQ!
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Should I convert my sole practitioner or partnership law firm to a limited company?
February 05, 2023
This query comes up regularly because it is a key feature for buyers. In short, our answer is yes, it is a very good idea to convert a sole practitioner law firm or a non-LLP partnership into a limited company, because it makes it easier to sell and gives more value. This may seem a […]
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Law Firms For Sale Update 24th January 2023
January 24, 2023
Click here for our regularly updated list of firms for sale. New Listings 100316 – MERGER SOUGHT Central/West London SRA regulated partnership looking for a merger. 3 equity partners, 10 fee earner solicitors’ firm with a £2.5 million turnover. Mix of work is 40-50% property, 15% family law, 15% wills & probate and 20% corporate, […]
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When is it a good time to sell my business?
January 06, 2023
There is no good or bad time to sell a business. Buyers always have different reasons for purchasing a company and these will depend on various factors not connected to the same factors affecting the reasons for sale by the seller. So even in the depths of economic turmoil, or the boom time of busy […]
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Law Firm Sales – is it a good idea to approach local competitors to sell our law firm to?
December 16, 2022
One of the great myths in selling a business, which applies across all sectors, is that the best person to buy your business from you is one of your known, local competitors. After all, they know your business and its reputation. What could be a better fit than somebody five doors up the road simply […]
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