Law Firms For Sale Update 24th April 2023
in New Law Firms for Sale

Law Firms For Sale Update 24th April 2023

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

New Listings

100319 – West London

Long established SRA Regulated partnership in west London looking for a sale or merger. Turnover in excess of £400k pa, small team of staff for TUPE. Locally based clients mainly from recommendation or repeat customers. SQM accredited and Resolution Specialist. Mix of work 70% family, 15% criminal, 5% wills & probate, 10% conveyancing work. Offices available to lease on reasonable terms, PII £11k. No claims. Partners prepared to stay on as consultants post-sale.

100320 – Teesside

Teesside solicitors’ firm (SRA regulated partnership) with two offices looking for a merger or sale. Very well established in the area, turnover c£325k. Small team of staff for TUPE, limited local competition and clients mainly from recommendation and repeat business. Mix of work is residential & commercial conveyancing (61%), wills & probate (25%), immigration (10%), landlord & tenant & family (4%). Owners looking to retire, but will stay on for 12 months as consultants if required. PII £44k, offices mix of freehold and leasehold.

100321 – West Sussex

Well established West Sussex solicitors’ firm (LLP) looking for a sale or merger. Turnover c£800k, established team of fee earners & support staff for TUPE. Locally based clients from recommendation and repeat users. CQS accredited practice on all major lender panels. Mix of work 53% conveyancing, 18% commercial property, 24% wills & probate. Established will bank. Optional offices (leasehold). Owners prepared to remain as consultants in the medium term.
If interested in any of the above please reply to this email.

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.

100323 – Bristol

Well established ABS law firm for sale. Relocatable but based in Bristol area at present. Turnover c£800k, small team of staff including two solicitors. Mix of work is 22% commercial/residential conveyancing, 58% corporate and commercial, 10% commercial and 10% employment. PII £35k pa. Share sale. Owner looking for clean break and moving on to non-legal work. Virtual firm and staff team fully remote

100324 – East Anglia

Solicitors’ firm (SRA regulated sole practitioner) in East Anglia, established over 30 years ago looking for a merger/sale due to owner retirement. Turnover last financial year approx £340k, profit c£98k. Small experienced staff for TUPE and smooth handover. General practice including family, wills and probate and conveyancing. Will bank approx 1800 wills. Legal aid contract in family. Low PII and good claims record. Owner happy to remain in short term.

100325 – Cardiff

28 years established SRA regulated sole practitioner solicitors’ firm in Cardiff looking for a sale. Turnover c£175k. Small team of staff for TUPE. 30% conveyancing, 30% private client and 40% family law, LPAs and commercial leases. Some lender panel membership. Seller happy to stay on to assist in the short-medium term. PII c£12k. Office lease available (holding over). Claims free history.

100326 – East London

Litigation solicitors’ firm (SRA regulated limited company) based in East London/West Essex, looking for a sale or merger. Turnover c£400k with high profit margins. Locally based clients sourced from recommendation, marketing and referral. Strong online presence. Mix of work 31% family, 13% private client, 22% contentious probate, 20% other litigation, 7% employment (contentious and non-contentious), 7% other areas. Owner happy to remain involved for the short term. Firm has an employed solicitor remaining with the practice. PII £7,750.

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