Good morning – its been a very busy start to the week with a number of new listings and updates to existing firms.
Ref 100230 – London Law Firm (ABS) – Team with Following – Urgent
Director and staff at central London ABS firm looking to find a law firm to take them on. Turnover £300-400k, 2 solicitors plus paralegals/support staff. Strong following of 80-90% HNW Russian speaking UK and overseas clients. Solicitors prepared to be tied in for a period of time as required to ensure client retention. Firm available for merger, but issues with PII due to an outstanding claim and finances. Primarily conveyancing but also some family, corporate and litigation. Opportunity to get a functioning team of Russian speaking staff with own work (and a lot more in the pipeline) at minimal cost. Quick deal sought.
Ref 100229 – Hertfordshire Solicitors’ Firm (Partnership) – Retirement Sale
Firm on Hertfordshire/North London border (CQS registered) for sale. Two Partner practice dealing with residential and commercial conveyancing (80%) wills and probate (15%) and miscellaneous other non contentious matters(5%) . Turnover c£475k. Sale due to retirement of one partner. Second partner happy to remain for a while if required . Small support staff team. Work sourced mostly from old clients and their recommendation but also from various estate agents and mortgage brokers. No referral fees paid. Firm on all major lenders’ panels. Clients mostly based in Hertfordshire, North London and Essex but not restricted to those areas. Offices are leasehold.
Ref 100228 – London Solicitors’ Firm
City London Boutique practice. Construction, property, insurance, tax, family and immigration. 2 partners with 15 consultant solicitors and 1 paralegal. 2020/2021 turnover of £2,250,000 net profit before tax £700k. Merger or acquisition.
Ref 100227 – South Coast Solicitors’ Firm (Sole Practitioner)
Solicitors’ firm – sole practitioner – based on the South Coast and looking to sell or merge. c£100k turnover (>50% reduction 2021 to £45k), clients are based locally, in London and further afield. Mix of work is c60% conveyancing (including small amount of commercial), c40% private client. Will bank c325. Seller retiring, but happy to remain as a part time consultant for a few years. Claims free for 19 years. SQM accredited. On a number of lender panels including Lloyds, Halifax, Barclays, Nationwide, Virgin and member of Lender Exchange. Seller owns premises and happy to provide lease if required. Reasonable offer accepted especially if a buyer can progress in the next 6 weeks (PII renewal date).
Ref 100226 – East London Solicitors’ Firm
East London law firm for sale. c£37-45k turnover, residential & commercial conveyancing, landlord & tenant, debt recovery, family and wills & probate. Two member practice, sellers flexible as to whether remaining involved. No staff for transfer. Low PII (£6.6k), flexible lease on serviced offices. No lender panels and no CQS. 9 year claims free history. Clients mainly East London based.
Reduced Price Firm – Ref 100212 – Manchester Solicitors’ Firm (Partnership)
Manchester based Personal Injury and Immigration Solicitors’ Firm looking for a quick sale ideally – £40k sought, PII extremely low. Turnover c.£65k per annum, high profit margins. WIP plus office fittings c£30k. 70% Personal Injury, 25% Immigration. Partners looking to sell due to illness. Claims free firm. Owner not looking to remain involved.
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