Let us help you find your next role, progress your career and keep you updated with potential roles cropping up that may be of interest. Over 11,500 solicitors and legal executives trust our company to update them with potential roles and some of these lawyers have been registered with us for over 15 years. Complete the form below or email us your CV. You can upload a CV or further information as part of the process. All information is retained on our secure servers in the UK and not shared with third parties under any circumstances.
When you register as a candidate with Ten-Percent Legal Recruitment we will contact you by email with potential roles cropping up that we think could be of interest to you, as well as a copy of our monthly information sheet. We avoid any telephone or mobile contact as much as possible unless urgent. We do not share your data with any third parties under any circumstances and all your information is stored on our secure servers in the UK in strict confidence. You can request removal of your data at any time and we are registered under the Data Protection Act as Ten-Percent.co.uk Limited. Please see our Ethical Business policies including our Privacy Promise to Candidates. Please note that you may get emails from us via our Ten-Percent.co.uk and our InterimLawyers.co.uk websites.
No is the quick answer and no is the even longer answer. In the UK anyone can set up as a business broker to buy and sell businesses. There are quite literally 100s if not 1000s of individuals, businesses, estate agents, accountants and lawyers who assist with the sale and purchase of businesses. There is no regulation of business brokers at all, although essentially the services most provide are simply advertising and marketing assistance, rather than any actual professional advice.
The business broker and business transfer agent market in the UK has some really dodgy operators in it. A couple of the more regular tricks are below:
1. The small print – there are quite literally hundreds of articles and complaints on the internet about some of the larger and more sophisticated sales operations out there who have armies of agents cold calling businesses to see if they want to sell. The most common clause is the exclusivity one. You sign an agreement with a broker and then if you end early or sell elsewhere you pay them an administration fee. www.cebta.org.uk has links to actual cases and examples that have arisen, involving some of the more dodgy firms.
2. The high valuation to entice a signature. This is a real problem for us – we have clients who have paid for a valuation, which we think is off the scale in ridiculousness, but the client is convinced that the valuation is genuine and insist on a sale at that price. Unfortunately the valuation is a complete waste of time and has been prepared for one reason only – to sign the seller up on an exclusivity contract for a period of time and take fees for various services.
Obviously our company is a little different! We charge no upfront fees and neither do we tie any of our clients in to exclusivity contracts. We are naturally delighted if anyone sells or merges without our assistance and we provide any additional advice to all our sellers and buyers at no cost.
Owners of law firms and accountancy practices can be assured that any data sent to Jonathan Fagan is kept highly confidential. We never release any information about your business without your express consent in every circumstance and we do not divulge any detail to third parties. The only information ever disclosed to buyers about sellers is the paragraph of information displayed on our website. Anything else requires the specific consent of the seller.
All buyers and sellers sign a non-disclosure agreement at the start of the process and we renew these with potential buyers every 12 months.
We are Cyber Essentials accredited. Our sister companies Ten-Percent.co.uk Limited and TP Transcription Limited are Cyber Essentials, Cyber Essentials Plus and ISO 27001 accredited respectively. We are registered with the Information Commissioner’s Office as data controllers.
Our IT system is constantly updated, our computers are protected by a high spec Draytek firewall and Panda anti-virus software, and our website is protected by security software.
Jonathan Fagan Business Brokers Limited is part of the Ten Percent Group of websites, which include legal & financial recruitment services.
Sell your business with Jonathan Fagan and get an In-depth Valuation.
Order a standard valuation report for your law firm. Simply fill out the form – we will contact you by email to indicate the price, request further information required to complete our work and give a time estimate for the return of our report.
We offer four levels of service to all law firm and accountancy practice owners looking for a sale, merger or disposal of their business. Please note that we also assist with valuation reports and exit strategy advice as standalone services.
Please fill out the form below to download a free copy of the Jonathan Fagan Business Brokers’ Guide to Selling an SME Law Business. The guide includes the sale process, reasons for a sale, valuations, exit planning and next steps.
If you have any questions regarding our service or anything that crops up during a potential sale, please get in touch.
