Law Firms For Sale Update 13th June 2024

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New Firms for Sale

Ref 100362 Limited Company Shell

Well established SRA regulated limited company with trading history for sale as a shell. No staff, no assets, no clients. Seller looking for a quick deal. PII £13.4k, £3 million cover, no claims. Firm has been undertaking mix of corporate commercial (95%) and commercial litigation (5%) work to date. Deadline for concluding a deal is mid-August 2024.

Ref 100360 South Wales Clinical Negligence

Well established SRA regulated solicitors’ firm in South Wales looking for a sale or merger. Turnover of £407k. Small team of staff for TUPE. National and local clientele from extensive marketing (including TV) and referrals. CQS, Lexcel and on some major lender panels. Main area of work is clinical negligence. Firm also undertakes conveyancing and wills & probate. Offices available freehold or leasehold. PII £8.4k. Partners willing to stay on as required.

Ref 100357 Cornwall

Very well-established SRA regulated solicitors’ firm in Cornwall with extensive business from its extensive Will bank and repeat clients, looking for a sale or merger. Turnover of £350k. Small team of staff for TUPE. Locally based clients mainly from repeat business. CQS accredited. Mix of work is wills & probate (42%), commercial property (18%), residential conveyancing (34%), family (6%). Offices available for lease. PII £30k. Owner willing to stay on as required as a consultant.

Ref 100356 Buckinghamshire

225 year old SRA regulated solicitors’ firm (partnership) in Buckinghamshire looking for a sale or merger. Turnover c£240k. Small team of staff for TUPE. Locally based clients mainly from repeat business and walk-ins. CQS accredited and on most major bank lender panels. Mix of work is roughly 76% Wills & Probate, 20% Residential Conveyancing, 3% Commercial Conveyancing, 1% Other. PII £28k + IPT. Seller happy to remain involved as a consultant on ongoing basis.

Recently Updated

Ref 100354 South West England

Well established SRA regulated solicitors’ firm in the South West looking for a sale or merger. Turnover of £2.8 million. Team of staff for TUPE. Locally based clients mainly from repeat business, recommendations and referrals. CQS and Lexcel accredited. Family legal aid work included. Mix of work 42% conveyancing (mainly residential but with some commercial), 36% Family, 22% wills & probate. Office available to lease. PII £140k. 2 Partners willing to stay on for the medium term.

Ref 100350 – Nationwide

For Sale – ABS limited company law firm based in England with a continuous flow of UK-wide clients from guaranteed referral sources in a specialist field of law (litigation). Exceptionally rare opportunity to acquire a highly profitable, fully functioning ABS solicitors’ firm with ongoing regular guaranteed workflows and an established staff team. Firm currently turn non-specialist work away – potential to generate additional fees as well as expand. Turnover c£1 million, net profit margin c36%. PII c£22k. Claims free practice. Business can operate on a fully remote basis, but there is an existing office available to lease (optional). Founder prepared to remain involved if required.

Ref 100336 – East Midlands

Well established SRA regulated sole practitioner’s firm for sale in the East Midlands looking for a sale or merger. Turnover of £335k. Team of staff for TUPE. Locally based clients mainly from repeat business and recommendations. CQS accredited. Mix of work 61% residential conveyancing, 5% divorce / matrimonial, 12% commercial conveyancing, 3% immigration, 7% litigation, and 12% probate / wills / trusts. Lease available on the freehold owned by seller.

If you would like further details on any of these firms, please reply to this email or get in touch.

Other firms for sale or merger include:

Ref 100354 – South West – £2.8 million turnover
Ref 100351 – Warwickshire – £600k turnover
Ref 100350 – National law firm with recurring fees
Ref 100346 – Cumbria – £1.3 million
Ref 100345 – Warwickshire – £700k turnover
Ref 100343 – South Coast – £1 million turnover
Ref 100336 – East Midlands – sole practitioner retiring
Ref 100333 – East Midlands – partnership for sale
Ref 100308 – West Sussex – ABS for sale
Ref 100300 – Norfolk – LLP for sale

If interested in any of the above please reply to this email.

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