Law Firms for Sale Update 5th June 2023
in Firms for Sale, New Law Firms for Sale

Law Firms for Sale Update 5th June 2023

New Listing

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.

Recent Listings

Ref 100329 – North West Lancashire

Well established North West Lancashire solicitors’ firm (limited company) looking for a sale or merger. Turnover c£600k, established team of fee earner and support staff for TUPE. Locally based clients from recommendation, referral and repeat users. CQS accredited practice on all major lender panels. Mix of work 36% conveyancing, 13% commercial property, 25% family law, 22% wills & probate (includes trusts and LPAs) 4% other. 5000 will bank. Offices freehold and leasehold. One owner retiring, second owner looking to stay involved.

Ref 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.

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. PII £27k. No claims.

Ref 100316 – London

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. Will consider law firms only, no individuals or investors.

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