Recent law firms for sale as follows:
100241 Manchester ABS
ABS limited company for sale as a shell. No IP, clients or staff. Simple shell sale of the ABS itself. Currently based in Manchester, the ABS has been trading in personal injury work. No conveyancing to date, no claims, no premises. Offers invited for a quick sale.
LAA Crime Contract available. London area, 8 rota schemes, owner’s private following also available. Contract expires in September 2022 with potential for further extension to March 2023. You will need to have an office in Zones 1 or 2 as well as the SQM or LEXCEL plus at least one CLAS member. Contract only – no staff, premises or firm. Offers welcomed.
100239 West Midlands
Solicitors’ firm for sale in the West Midlands. Very well established law firm with c£750k turnover and c25% profit margin, loyal staff team. Mix of work is Conveyancing (44%), Family (32%), Private Client (14%) and Housing (10%). LEXCEL & CQS accredited, legal aid contract in housing. 2,500 will bank, short lease, good location. Firm on all lender panels. Owner looking to concentrate on fee earning and happy to remain involved as required, consultant or otherwise.
Staffordshire solicitors’ firm trading as a partnership for over 35 years and looking for a sale due to a retiring partner. Other partner looking to remain as a consultant or employee. 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 mainly residential & commercial conveyancing (47%) and private client work (40%). c4000 will bank. Strong, established client base, mainly local and includes agricultural sector. Clients recommended, sourced from website or referred by IFAs.
100237 Wills & Probate Practice Hertfordshire
Small Private Client firm based near Stansted Airport looking for a sale or handover due to owner’s retirement. c£65k turnover, no staff, 30% probate, 50% wills, 15% LPAs. Currently referring conveyancing, contentious probate & trust administration work to another firm. PII costs are £1.3k pa. 30 files open at present include 9 estates and 10 LPAs. Clients mainly local. Owner happy to stay on in short term for handover.
Solicitors’ firm (Limited Company) based in Surrey for sale. Turnover c£650k and net profitability >£160,000. Quality operation with fully qualified staff operating at top of their game. Private Client practice with 90% returning clients weighted towards Matrimonial and wills and Probate (5000 wills bank). Top reputation and unblemished record and lowest £15k indemnity premium. Only 5 star reviews. Office on 5 year renewable lease. All necessary accreditations – STEP, Resolution, CQS. Rare opportunity to acquire whistle-clean high-performance business with best reputation and following.
If interested in any of the above please reply to this email.
NB: an updated list of firms for sale is available on our website here: https://www.jonathanfagan.co.uk/law-accountancy-firms-for-sale/