Law Firms For Sale – Update 28th September 2023

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Recent Listings

Ref 100344 – London

SRA regulated sole practitioner firm in London available for sale as a shell. No clients, premises, staff or assets. Looking for a swift sale prior to PII expiry deadline of 31st October. Firm has a 20 year clean PII record and has been undertaking 90% civil litigation with <10% private client and other low risk work. No conveyancing. PII renewal premium is c£9k

Ref 100335 – Surrey

Well established Surrey solicitors’ firm (SRA partnership) looking for a sale or merger. Turnover c£200k. Mix of work 60% residential & commercial conveyancing and wills & probate, 40% family legal aid work. Locally based clients from recommendation and repeat users. SQM accredited firm. Will bank. Offices available as leasehold. PII £6k pa. One partner (legal aid supervisor) prepared to remain a consultant for a period of time.

Ref 100319 – 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 Resolution Specialist. Mix of work 70% family, 15% criminal, 5% wills & probate, 10% conveyancing work. Offices available to lease on reasonable terms, PII £11k. No claims. Partners prepared to stay on as consultants post-sale.

Law Firms For Sale or Merger – Midlands

We have a number of firms for sale or merger in the Midlands and the surrounding area, and the owners would be interested in considering any proposals you may have. The practices offer a good opportunity to open branch offices, take on an existing staff team and build your presence.

Ref 100340 – Staffordshire

Staffordshire solicitors’ firm trading as a partnership for over 35 years and looking for a sale due to partner retirement. Sellers will consider the option of a partner joining or a sale/merger. £500k turnover with 20-25% profit margin and scope for improving the profit ratio and further development of the firm. Small loyal team of staff for TUPE. Mix of residential conveyancing (and a bit of commercial) (35%), private client work (52%) family (12%). c4000 will bank. Strong, established client base, mainly local and includes agricultural sector. Clients recommended, sourced from website or referred by IFAs. Both partners prepared to stay on as 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.

Ref 100333 – East Midlands

Well established SRA regulated partnership in the East Midlands looking for a sale or merger. Turnover c£520k with very high profit margin. Small team of staff for TUPE. Locally based clients mainly from repeat business and recommendations. CQS accredited. Mix of work is mainly Residential Conveyancing, Commercial Property and Private Client Wills and Probate, with some Matrimonial. Offices available for sale or rent – good location with parking. PII £31K. Partners open to staying on in the short-medium term.

Ref 100322 – West Midlands

RETIREMENT DISPOSAL – NO PREMIUM REQUIRED Long established West Midlands solicitors’ firm (SRA Regulated limited company) looking for a merger or disposal. Turnover £300k pa, small team of staff for TUPE. Locally based clients mainly from recommendation or repeat customers. CQS and Family accredited. Mix of work 39% residential conveyancing, 27% commercial (including conveyancing), 17% family, 10 wills & probate, 7% other. Offices available to lease on reasonable terms, PII £21k. No claims.

Ref 100256 – West Midlands

Very well established West Midlands solicitors’ firm with connected estate agency looking for a sale due to the retirement of a partner. Mix of work includes residential conveyancing and associated estate agency services (90%) and wills & probate (10%). Locally sourced clients. One partner flexible about staying on for a period of time. Claims free history and low PII premium (£15k). CQS accredited and on all major lender panels. Great potential to expand and add other areas of law or to acquire a branch office in an area with low competition.

If any of these look of interest, please let me know. For our full and updated list of over 50 law firms for sale or merger, please visit our website at www.jonathanfagan.co.uk.

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