Firms For Sale Update 3rd January 2024
Happy new year! We have two new firms below listed for sale, as well as two updated listings for firms.
Click here for our regularly updated list of firms for sale.
Ref 100351 – Warwickshire LLP
Well established Warwickshire SRA regulated LLP solicitors’ firm looking for sale or merger. Turnover of c£630k. Small team of staff covered by TUPE. Locally based clients from recommendations & repeat business. CQS accreditation. Mix of work 11% family law, 26% wills and probate, 61% conveyancing and 2% other. Offices available to purchase or lease. Partners prepared to stay on post sale as consultants in the short to medium term.
Ref 100350 – National ABS
For Sale – ABS limited company law firm based in England with a continuous flow of UK-wide clients from guaranteed referral sources in a specialist field of law (litigation). Exceptionally rare opportunity to acquire a highly profitable, fully functioning ABS solicitors’ firm with ongoing regular guaranteed workflows and an established staff team. Firm currently turn non-specialist work away – potential to generate additional fees as well as expand. Turnover c£850k, net profit margin c36%. PII c£22k. Claims free practice. Business can operate on a fully remote basis, but there is an existing office available to lease (optional). Founder prepared to remain involved if required.
Ref 100339 – ABS Limited Company Shell Law Firm
Solicitors Firm (ABS) with CQS accreditation & on a range of lender panels for sale. Shell firm with PII in place. Firm are consolidating two ABS law firms and this ABS is surplus to requirements, hence the sale. ABS established 16 years. Fantastic opportunity to acquire an ABS with CQS and lender panels already in place. Exceptionally rare to see on the market. No assets being sold with the company. Offers invited. Back on the market following a period of exclusivity expiring.
Ref 100194 – SRA Family Law Firm – £40k – very low PII
Well established Bedfordshire solicitors’ firm, SRA regulated, looking for a sale. Support staff plus a sole practitioner specialising in private family law (no legal aid) with a turnover of c£170k and profit £75k. Seller looking for a clean break. Happy to stay for a transition period. Clients mainly local. Continuation of lease on office available.
If you would like further details on any of these firm, please get in touch.