New Law Firms for Sale – update 7th March 2022
in New Law Firms for Sale

New Law Firms for Sale – update 7th March 2022

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

Law firm valuations available – standard and enhanced reports – click here for details. Obtain valuation/deal structure advice before making an offer and increase your chances of success.

Recently Added Firms

Ref 100287 London £700k Solicitors Firm

London solicitors’ firm (SRA regulated partnership) looking for a sale or merger. c£700k turnover, c16% profit margin. Team of staff for TUPE including solicitors and support staff. Locally based clients, mix of work is 25% wills & probate, 25% conveyancing, 30% family and 20% crime/housing. LEXCEL accredited firm and legal aid contracts in place for family, crime and housing. One partner retiring (prepared to stay on in the short term), one partner to remain as a full time consultant. PII £30k, offices on lease from a partner of the firm. Listed March 2022.

Ref 100286 Kent £1 million Solicitors Firm

Solicitors’ firm in Kent – an SRA regulated partnership – looking for a sale or merger with the two sellers happy to remain as consultants in the short to medium term. c£1 million turnover, small team of staff for TUPE including fee earners and support staff. Mix of work includes Conveyancing (Res & Com) 17%, Wills & Probate 32%, Children Legal Aid work 28%, Commercial, Employment and Commercial Litigation 10%. Claims free practice, PII £60k. Firm on a range of lender panels and is CQS & SQM accredited. Established for c20 years. Office lease available as required. Listed March 2022.

Ref 100285 Nationwide Property Litigation Solicitors Firm

Specialist residential property litigation solicitors’ firm looking for a sale or merger. SRA regulated limited company. Turnover c£75k with high profit margin. Work consists of 95% landlord & tenant and 5% debt recovery. Would suit a firm in the same sector looking to expand. Established for over 10 years, no offices or staff. PII £3,800, work almost entirely sourced from a highly ranked website – currently no online advertising required. Firm currently turning work away so plenty of potential to expand. Sale will include the company domain names, website and associated assets. Seller will be willing to advise as consultant if required until present cases concluded. Listed March 2022.

Ref 100283 Sole Practitioner looking to form an ABS

Established, innovative, sole practitioner SRA regulated firm interested in joining with entrepreneurial investor to form an ABS. Some WIP and existing client prospects in a number of areas including:- commercial and residential conveyancing, wills, LPA, trusts, probate, debt recovery, residential possession proceedings. Willing to remain in management/ compliance role COLP/COFA for agreed period as required. Happy to discuss all options, claims free, geographical location not an issue. Serious investors only. Listed Feb 2022.

Ref 100282 Lancashire £250k Solicitors Firm

Sole practitioner solicitors’ firm in Lancashire looking for a sale or merger. £250k turnover, potentially small staff for TUPE, CMS in place, work sourced from referral arrangements plus existing clients. 95% conveyancing, 5% wills & probate. Clients based mainly in Lancashire and Greater Manchester. CQS accredited and on panels where possible. Seller retiring – would prefer a clean break. PII £29k, freehold premises but lease possible. Firm established for c40 years. Listed Feb 2022.

Ref 100281 Lancashire £1.5 million Solicitors Firm

Long established Lancashire solicitors firm (SRA regulated LLP) looking for a sale or merger. c£1.5 million turnover, multi office practice. Established team of fee earners and support staff. Clients based in North West. Work split is 40% Residential and Commercial Conveyancing, 23% Wills & Probate, 37% other work which includes Corporate Commercial, Employment and Family. CQS accredited and on all possible lender panels. PII c£105k. Seller prepared to stay for 2 years as a consultant, other staff are remaining. Listed Feb 2022

Ref 100279 South Wales Solicitors Firm

Very well established South Wales SRA regulated LLP solicitors’ firm looking for a sale or merger. Turnover c£200k, small team of staff for TUPE, 75% conveyancing and 25% wills & probate. Owner happy to stay on as a consultant for up to 3 years. CQS accredited and on all lender panels where possible. PII £23k. Freehold premises available or lease if preferred. Listed Feb 2022.

Ref 100278 Solicitors Firm Shell – London

Solicitors’ firm for sale as a shell. Established 1998, London based. Most recent turnover has been £30k, work to date is civil litigation and wills & probate. Claims free for c10 years, most recent PII (expires March 2022) c£5k. Bank account plus SRA registration – no clients, no assets. Owner not looking to stay involved. Sole practitioner. Quick sale sought and offers welcome. Listed Feb 2022.

Ref 100277 Wiltshire £800k Solicitors Firm

Long established SRA regulated limited company solicitors’ firm based in Wiltshire looking for a sale or merger. Turnover c£800k. Staff team for TUPE, clients solely from recommendations and repeat customers, no referrals. Mix of work is c60% Residential & Commercial Conveyancing, 30% Wills/Probate, 7% Family, 2% Commercial and Employment. Premises leasehold. Owner retiring, prepared to stay on as a consultant in the short term if needed. CQS accredited and on lender panels. Listed Feb 2022.

Ref 100276 CLC South West England Firm

South West England licensed conveyancer (CLC regulated sole practitioner) looking to sell. Turnover c.£250k, freehold office (available for sale as freehold or lease) with two residential flats included, 420 files, small staff for TUPE, referral from local estate agents plus recommendations. Clients mainly local. 100% Residential conveyancing. Firm on all main lender panels. £9k PII. Seller happy to stay on as a consultant on a part time basis. Listed Feb 2022.

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/