Can you sell a law firm to a non-solicitor?
in Advice

Can you sell a law firm to a non-solicitor?

There is a way of selling a law firm to a non-solicitor buyer and that is with the use of an ABS (Alternative Business Structure). An ABS is either a) an entity that consists of so much regulation to create it blows the mind of most people looking at them or b) a new model of law firm set up some time ago to enable non-lawyers to make money out of law firms. Article by Jonathan Fagan, MD of Ten Percent Legal Recruitment and Jonathan Fagan Business Brokers. https://www.ten-percent.co.uk/is-it-possible-to-sell-a-law-firm-to-a-non-solicitor-buyer/