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

Law Firms For Sale Update 24th January 2023

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

New Listings

100316 – MERGER SOUGHT

Central/West London SRA regulated partnership looking for a merger. 3 equity partners, 10 fee earner solicitors’ firm with a £2.5 million turnover. Mix of work is 40-50% property, 15% family law, 15% wills & probate and 20% corporate, employment & litigation. Longstanding clients providing repeat work. Merger sought with smaller, similar sized or larger firm. Partners keen to continue working in the longer term.

100315 – SMALL FIRM WITH CQS & LENDER PANEL, OWNER STAYING ON

Well established SRA regulated sole practitioner North London solicitors’ firm with 25 years + trading history. Conveyancing, Leasehold Enfranchisement and Private Client work. CQS and ALEP accredited, the firm are on the majority of lender panels, PII £16k pa. Turnover c.£250k. One support staff member, no fee earners. Significant high street presence – lease available. Would suit solicitor looking to acquire a fully trading practice with the existing owner willing to remain involved as required.

Revised Listings

100194 – LOW PII

Well established Bedfordshire Solicitors’ firm, SRA regulated, looking for a sale or merger. Support staff plus a sole practitioner specialising in private family law (no legal aid) with a turnover of c£115k and profit £74k. Seller looking for a clean break and invites sensible offers. Happy to stay on as required. Clients mainly local. Continuation of lease on office available. PII is c£3.5k.

100313 – MERGER SOUGHT ASAP

SE London Solicitors’ Firm (SRA regulated partnership) looking for a sale/merger/disposal ideally by April 2023. £1.2 million turnover, solicitor and support staff team for TUPE, mix of work is 40% conveyancing, 13% wills & probate, 12% matrimonial, 35% litigation including property (landlord clients). Huge scope for expansion particularly in conveyancing, family and private client work, with firm currently turning away private client matters. 3-3,500 will bank. Firm located within 15 minutes of London Bridge with very few local competitors. Over 30 years old, the practice is CQS accredited with lender panel membership. Work referred by existing clients and recommendations. Owner prepared to stay on for up to 2 years post-sale, act as COLP & COFA and supervise the office if needed. Keen to ensure a smooth handover. Leasehold offices. All proposals considered.

100312 – QUICK SALE SOUGHT

SRA regulated partnership based near junction 26 of the M25 looking for a sale or disposal due to ill health. No staff for TUPE; salaried partner (conveyancing) prepared to stay on remotely if required. 60% conveyancing, 15% commercial property, 18% wills & probate, 5% employment work. PII £33k with no recent claims, expiring September 2023. Firm on lender panels for Halifax, Lloyds, Barclays & Nationwide and others. Fast move welcomed. Huge potential for expansion.

100288 – QUICK SALE SOUGHT

An SRA regulated sole practitioner law firm based in Essex looking for a retirement sale or merger. CQS accredited firm on lender panels where possible. Locally based clients, 25% conveyancing, 50% wills & probate, 10% family work, 5% commercial. Turnover c£140k, no staff for transfer. No claims, trading history of 35 years. PII c£15k. Owner prepared to stay on if required, clean break preferred. Freehold premises – available for sale or rent.

100311 – QUICK SALE SOUGHT

Self-operating solicitors’ firm in East Anglia (LLP structure) looking for a sale or merger. High street offices (flexible leases available) in good accessible location. c£3 million turnover, fully functioning team of staff (fee earners and support staff) for TUPE. Clients via established sources, recommendation, website & walk ins. CQS accredited. 100% Residential Conveyancing. Full lender panel membership. PII £235k. Owner retiring, but very limited involvement in day to day running – ideal practice to acquire and run as a standalone conveyancing unit.

100304 – LOCAL MERGER SOUGHT

Very well established North West Wales Solicitors firm (SRA Partnership) with two offices looking for a sale or merger due to retirement of Senior Partner. 55% Conveyancing, 35% Probate, 10% Wills, LPA’s and Family. Turnover c 500k. CQS firm and on most Lender’s panels. No Lease commitments if not required. 5000+ Wills bank. Staff for TUPE including fee earners. Seller happy to remain in the short term as a Consultant if required.

100314 London Solicitors’ Firm

London solicitors’ firm (SRA regulated partnership) looking for a sale or merger. c£850k turnover. Team of staff for TUPE including solicitors and support staff. Local and nationally based clients, mix of work is 41% wills & probate, 6% crime, 29% conveyancing, 22% family and 2% housing. LEXCEL & CQS accredited firm, with legal aid contracts for family, crime and housing. Firm on most lender panels. PII £30k, present offices on lease from a partner of the firm.

If interested in any of the above 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/

Kind regards

Jonathan Fagan
jf@jonathanfagan.co.uk
www.jonathanfagan.co.uk