What does a business broker actually do?
November 21, 2022
This was a call I took this week and the answer I guess depends very much on the company! There are a whole load of business brokers out there who exist to do one thing and they do it well – take money from business sellers for upfront fees, provide unrealistic valuations and then not […]
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Law Firms for Sale – update 9th November 2022
November 09, 2022
Recently Added Firms 100311 East Anglia £3 million T/O Solicitors’ Firm – QUICK MERGER OR DISPOSAL SOUGHT Self-operating solicitors’ firm in East Anglia (LLP structure) looking for a sale or merger. High street offices (flexible leases available) in good accessible location. c£3 million turnover, fully functioning team of staff (fee earners and support staff) for […]
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Should I tell my staff that I am thinking about selling my business?
October 18, 2022
No, absolutely not. We come across this question very often, and there are a whole host of different arguments for and against informing the staff of your future plans, but the short answer, as well as the long answer, is telling your staff about plans to sell a business is a bad idea, both from […]
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What makes the perfect law firm for sale?
October 18, 2022
If we could create or put forward the most perfect law firm for sale, it would be one quite similar to a company I recently valued. The Perfect Firm for Sale The law firm had a team of c35-50 staff who had been with the practice for a substantial amount of time (but still mainly […]
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Is a law firm a good investment?
September 21, 2022
I was asked this question earlier in the week by an investor looking to enter the legal market – do law firms constitute a ‘good’ investment? This question comes up usually from external investors and the person asking the question will usually be expecting to be purchasing a law firm with fully functioning departments, staff […]
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Law firm sales – what should I tell my PII broker?
August 18, 2022
As little as possible, is the quick answer, with the longer answer appearing below! Call the broker We have had a number of instances where sellers have felt an obligation to notify their insurers about everything to do with the sale of their business. When they have thought about selling, they notified their broker. Each […]
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I’m thinking of selling my law firm, what should I do?
July 29, 2022
This is our very simple guide for anybody who is contemplating selling their law firm and the steps that they need to think about taking. It is written by Jonathan Fagan LLM of Jonathan Fagan Business Brokers Limited. We have been assisting law firms and accountancy practices on mergers and acquisitions for over 20 years. […]
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Deal or No Deal? You Decide
July 21, 2022
We have recently heard of quite a novel offer that has been made for the purchase of a law firm, and one that we had not come across before, so we thought we’d share it and see what our readers think! Picture the firm for sale – it is a small sole practitioner based in […]
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How specific should I be about the type of buyer I want for my business?
May 28, 2022
We often send over details of buyers to sellers to get consent to release information (we never release details of any sellers to any buyers without their specific consent). Sometimes sellers come back to us to say that they don’t want to consider the buyer because of the type of buyer they are, rather than […]
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Succession planning for law firms
May 16, 2022
One of the first questions we always ask anybody getting in touch with us who is thinking of retiring and disposing of the practice, is whether or not they have spoken to their partners or some of their fee earners to ascertain if anybody is interested in acquiring equity. Making the wrong assumption about existing […]
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