Law Firms For Sale Update 2nd August 2021
Buckinghamshire solicitors firm (limited company structure) on all major lenders’ panels and CQS accredited looking for a quick sale – deal to be concluded by September 30th 2021. Firm have not renewed PII and are looking to sell during grace period following the end of the existing policy. No staff. IT equipment and website included in sale (server and desktops). Turnover c£120k, mix of work is 70% residential/commercial conveyancing, 30% company/commercial. Clients all over UK. Current lease expires April 2022. Seller can remain in short term for handover period. Claims free firm.
East Anglia Solicitors’ Firm looking for a merger or sale. Turnover £1.75 million, 40 staff for TUPE, clients mainly Essex and Suffolk based, some further afield. Mix of high street work – family law 40%, conveyancing 33% and wills & probate 23%. Owners negotiable on future plans. Legal aid contract in place for family law. Lexcel and CQS accredited. On most lender panels. Offices in multiple high street locations – leased. Firm looking ideally to merge and become part of a larger firm.
Well established North West Wales solicitors’ firm (partnership structure) looking for a sale or merger due to retirement. 75% conveyancing & probate and 25% wills, LPAs, family and litigation. Turnover c.£500k+, profit margins c25-35%. CQS firm and on most lender’s panels. No lease commitments if not required. 5000+ wills bank. National client base for property work. Staff for TUPE. Seller happy to remain in the short term as a consultant if required.
Private client and conveyancing solicitors’ firm in London looking for a solicitor interested in becoming their litigation partner. You would be joining the firm to develop a litigation department from scratch, acquiring equity quickly if successful. Opportunity to acquire a stake in a law firm without an upfront payment.
Solicitors’ firm in the London area looking for a sale, merger or buy in. Turnover c.£500k, profit margin c50%. Freehold or lease available. Equity partner retiring, fee earners remaining. Firm specialises in conveyancing and wills & probate (50/50 split). Claims free CQS firm on all major lender panels. Smaller sized, well run practice. Claims free history.
If interested please reply to this email. An updated list of firms for sale is available on our website here: https://www.jonathanfagan.co.uk/law-accountancy-firms-for-sale/