Law Firms for Sale – Update 11th September 2023
in New Law Firms for Sale

Law Firms for Sale – Update 11th September 2023

Click here for our regularly updated list of firms for sale.

Firms Still For Sale

Ref 100340 – Staffordshire

Staffordshire solicitors’ firm trading as a partnership for over 35 years and looking for a sale due to partner retirement. 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 residential conveyancing (and a bit of commercial) (35%), private client work (52%) family (12%). c4000 will bank. Strong, established client base, mainly local and includes agricultural sector. Clients recommended, sourced from website or referred by IFAs. Both partners prepared to stay on as required.

Ref 100335 – Surrey

Well established Surrey solicitors’ firm (SRA partnership) looking for a sale or merger. Turnover c£200k. Mix of work 60% residential & commercial conveyancing and wills & probate, 40% family legal aid work. Locally based clients from recommendation and repeat users. SQM accredited firm. Will bank. Offices available as leasehold. PII £6k pa. One partner (legal aid supervisor) prepared to remain a consultant for a period of time.

Ref 100333 – East Midlands

Well established SRA regulated partnership in the East Midlands looking for a sale or merger. Turnover c£520k with very high profit margin. Small team of staff for TUPE. Locally based clients mainly from repeat business and recommendations. CQS accredited. Mix of work is mainly Residential Conveyancing, Commercial Property and Private Client Wills and Probate, with some Matrimonial. Offices available for sale or rent – good location with parking. PII £31K. Partners open to staying on in the short-medium term.

Ref 100322 – West Midlands

Long established West Midlands solicitors’ firm (SRA Regulated limited company) looking for a sale or merger. Turnover £300k pa, small team of staff for TUPE. Locally based clients mainly from recommendation or repeat customers. CQS and Family accredited. Mix of work 39% residential conveyancing, 27% commercial (including conveyancing), 17% family, 10 wills & probate, 7% other. Offices available to lease on reasonable terms, PII £27k. No claims.

Ref 100308 – Sussex ABS

Well established West Sussex solicitors’ firm (ABS) looking for a sale. Turnover c£350k, established team of staff for TUPE. Locally based clients from recommendation, website
or repeat customers. CQS accredited practice on all major lender panels. Majority of work (70%) conveyancing, 30% Other (includes wills/probate, employment law, independent legal advice). Offices available to lease on reasonable terms, PII £29k with no claims.

An updated list of firms for sale is available on our website here: https://www.jonathanfagan.co.uk/law-accountancy-firms-for-sale/

Kind regards
Taillte Mallon, BA (Hons), PgDip.
Graduate Trainee Adviser

taillte@jonathanfagan.co.uk

Jonathan Fagan Business Brokers – Law Firm and Accountancy Practice Sales

Telephone: 01824 780937
Mobile: 07771040128