Buying, Selling, Valuing, Merging Law Firms

 

Apart from providing a range of services to the legal profession we also help sell law firms and assist solicitors who wish to buy a law firm.  Additionally we provide either general advice as to how to proceed or an indepth review and written solution.

 

In general we can assist with;

 

  • Buying a law Firm
  • Selling a law Firm
  • Law Firm Mergers
  • Valuing law Firms
  • Sourcing law firms for sale.

 

At the point you formally instruct us to act on your behalf we charge an initial £500 + VAT fee to commence marketing and a further percentage on conclusion of a satisfactory sale, purchase or merger being knitted together.

 

To discuss selling a law firm in further detail please don't hesitate to contact us by emailing nick@legalbrokers.com (please cut and paste into your browser) or calling 0845 603 0708.


Legal Brokers Ltd

Sell a Law Firm


Peterborough

 

This LLP started in 1988 and has a turnover of £600k with net profit of £100,000. Areas of law Family (legal aid contract), Conveyancing, Wills & Probate, Civil Lit and Commercial. Accredited with Lexcel since 2001. The Principal will remain for up to 2 years to ensure a smooth transition.  

 

Please call on 0845 603 0708 for further details.

 

S1093

Norwich

 

Established in 2013 turning over £687k and producing an EBITDA of £179k, from 20% Notary public, 5% wills & probate 3% non-litigious, 69% residential conveyancing and 3% commercial conveyancing, with 23 staff, 14 of whom are fee sharers. They sit on 77 panels and have 12 satellite regional offices. The Head Office is based in Norwich. Assets include successful custom case management software in which they have invested £300,000, and a recently refurbished high street office with window frontage which they have purchased on a 999-year lease (no ground rent) and valued at £300,000. WIP is estimated at £200k. CQS and ISO 9001. Offers invited for the whole in excess of £700,000.

 

Please call on 0845 603 0708 for further details.

 

S1121

Shrewsbury

 

Started in 2011 the practice has three directors and has a turnover of £603,890.00 with net profit of £110,000. Areas of law include Landlord, Tenant, Commercial and Residential Conveyancing, PI, Medical negligence, Company and Commercial matters. Has CQS and is on 50 panels. One full time solicitor, 2 fee earners and 2 administrators.  

 

Please call on 0845 603 0708 for further details.

 

S1062

Manchester

 

Specialist Employment Tribunal Law Firm based near Manchester seeks a buyer/partner to support their growth and momentum. Established in August 2012. Became regulated by the MOJ in 2014. The firm became SRA regulated as an ABS in March 2019. 1 Barrister and 1 solicitor as partners and 4 +1 staff. Turning over £250k last year they will hit £477k this year with an operating profit of 47%. 126 live cases with an approximate value of £160k. 

 

Please call on 0845 603 0708 for further details.

 

S1116

London Docklands

 

Combined non-regulated LLP and Ltd. Providing a broad range of commercial contract drafting and data protection services. In 2018 LLP recorded turnover of £219k and £87k profit before tax, while the Ltd recorded £64k and PBT of £51k. Current WIP is £83k of which 50% is Commercial and Corporate, 20% e-Commerce and IT, 25% GDPR compliance, data protection and advisory while the 5% is non-contentious employment. Very low PI cover premium. Clients are broad based and come from a variety of industry sectors, such as data broking to franchises and online publishers. The companies will come complete including ecommerce website selling template, GDPR documentation and remote data protection officer services.  

 

Please call on 0845 603 0708 for further details.

 

S1100

Portsmouth

 

Established in 1999 their work is spread between 14% commercial and corporate, 54% conveyancing, (sitting on 54 panels), 6% debt, 3% employment, 4% litigious, 10% wills and trusts and a mix of other sources. Holding 1,850 wills and trusts. Turning over £2million with £22k net profit before tax. Current WIP £296k. 28 staff of which 14 are fee earners. 

 

Please call on 0845 603 0708 for further details.

 

S1098

Slough

 

Three Partner practice with 6 staff established in 1998. PI, Family, Civil, Conveyancing (CQS), Immigration, Housing, Notary Public and Probate. £780k turnover with £111k profit before tax. Fortunate not to have ran with an overdraft in 19 years. WIP of £200k. Asking £350k.

 

Please call on 0845 603 0708 for further details.

 

S1056

Ascot

 

Sole practitioner based in Ascot who wishes to merge with a firm of accountants to increase the range of value-add services which can be offered to both company’s clients.  

 

Please call on 0845 603 0708 for further details.

 

S1094

Mayfair

 

High Court Litigator. Sport, Technology, Entertainment, IP Law. Specialise in dealing with high profile clients. £1.2 million revenue over the last 3 years. Ideal location to open a prestigious London office. The Principal is happy to remain in a Consultancy role.    

 

Please call on 0845 603 0708 for further details.

 

S1051

Shropshire

 

A branch of a well known Northern law firm, established for over 200 years, which is to be sold off. Operating in company, commercial, employment, property, tenancy, dispute resolution, private client, agricultural probate and estate matters. There are two lawyers in place plus one fee earner. One lawyer would like to retire in circa a year’s time. The others will stay on together with two legal secretaries. Turnover £430k Profit £100k. Offered at £90k.   

 

Please call on 0845 603 0708 for further details.

 

S1120

Manchester

 

High street practice established in 1980 has come up for sale where the partners both wish to retire, but one partner is happy to give a generous handover period. 70% mental health tribunal, children and welfare; 8% residential conveyancing; 16% matrimonial and family and 6% wills (200held), trusts and tax planning. Last audited at £131k and £43k profit before tax and growing steadily over the previous two years. 2 partners and 2 support staff. WIP £25k. They hold a current Family Legal Aid contract. SQA certified. 
 

Please call on 0845 603 0708 for further details.

 

S1115

North West

 

Retiring sole practitioner specialising in crime (95% of revenue) with legal aid contract. The firm is based in the North West with 7 fee earners and 5 support turning over £650k with average net profit of 20% over last three years. The owner is particularly sensitive to confidentiality in this matter in respect of local competition and staff. Lexcel accredited. 

 

Call 0845 603 0708 for further details.

 

S1114

North London

 

Six person law firm based in North London looking to merge and further grow their CQS accredited property department. Specialising in residential and commercial conveyancing along with PI and medical negligence and housing disrepair. Turn over of £620k with an NPBT of £141k and a WIP of £367k they now seek a new partner to join them (an individual or firm) and drive the property department forward. Alternatively will consider a full merger. They are fully GDPR compliant and their IT systems are fully up to date. They have proclaim and in-touch. Their conveyancing software is state of the art – it provides 24 hour updates to clients via an app' and its designed for a high flow of work. 

 

Call 0845 603 0708 for further details.

 

S1112

North London

 

Modern property law firm based just North of London. They are a CLC accredited conveyancer and an ABS and have been working to reinvent the process of buying or selling a house. They are on every panel except for Tesco, Metro, Leeds, TSB and Co-op. With 100% conveyancing they have WIP of £350k and draft turnover of £702k for last 12 months. They have developed proprietary technology, including a bespoke app for every customer, to enable house buyers and sellers to track the progress of their move at every stage. With dedicated specialists, no hidden fees, they have been able to develop these systems through loyal and significant investors. The founder and MD now wishes to take up a new challenge. Three technical lawyers and 10 conveyancers supported by 4 telesales and admin staff with 1/3 home based. Full remote working IT systems and monitoring in place. 

 

Call 0845 603 0708 for further details.

 

S1108

East London

 

Two partner practice (1 retiring immediately & the other in approximately 3 years). Conveyancing, Probate (1000 Wills held), Family (Domestic Violence & Care Proceedings Legal Aid Contract). Members of the Law Society Children's Panel. Currently planning to expand into Immigration. Staffing of 2 Solicitors plus support staff. Turnover of approximately £250,000.

 

Call 0845 603 0708 for further details.

 

S1028 

South West London

 

Established in 2000. Property Law, Wills, Probate, Litigation. Turnover of £135k with net profit before tax of £80k. Part time secretary, part time accountant. Looking for Buyer or Merger. There is the possibility the Principal will offer the business as a vehicle for an enthusiastic start-up venture.

 

Call 0845 603 0708 for further information.

 

S1049

Hampshire


Notary Practice regulated not by the SRA but the Faculty Office of the Archbishop of Canterbury. Focusing exclusively on legal advice to older people, the disabled, their carers, and their families. Non-means tested funding of care, powers of attorney, and the Court of Protection, as well as the more traditional areas of inheritance tax, wills, probate and trusts.Average turnover of £250k per annum. Comprising probate 56%, POA/COP 21%, residential conveyancing 13%, Wills 8%, Notary 2%. No legal aid franchises held.  Not on any conveyancing panels. 
 

Call 0845 603 0708 for further information.

 

S1076

West London

 

Boutique practice established in 2008. Commercial, litigation, property, conveyancing, immigration, PI, probate, wills, trusts. They have a specialism in employment matters. One solicitor, 2 consultant solicitors, and a paralegal. The 2017 turnover was £332k with WIP of £150k. Low PI premiums and no claims history.    

 

Please call on 0845 603 0708 for further details.

 

S1078

East Sussex

 

Profitable High Street practice based in East Sussex being offered for sale as a function of the Sole Practitioners ill health. Turnover for 2016 / 17 was £180k. The vendor is asking for £140k

 

Please call on 0845 603 0708 for further details.

 

S1034

Peterborough

 

This LLP started in 1988 and has a turnover of £600k with net profit of £100,000. Areas of law Family (legal aid contract), Conveyancing, Wills & Probate, Civil Lit and Commercial. Accredited with Lexcel since 2001. The Principal will remain for up to 2 years to ensure a smooth transition.  

 

Please call on 0845 603 0708 for further details.

 

S1093

East England

 

Established for over 10 years the firm is virtually paperless and both well established and respected. 40%children, 20% residential conveyancing (they are on two lending panels), 15% matrimonial and family, 10% probate and 10% wills and trusts. 9,000 wills held plus 1,000 unregistered deeds. The firm holds two legal aid contracts in Civil Matters and Family Matters. Three solicitors, 7 legal assistants and 3 administrators they hold a Specialist Quality Mark (SQM). The team are happy to stay but are looking to expand their management structure.

 

Please call on 0845 603 0708 for further details.

 

S1083

Dewsbury & East London

 

Two live Family Law contracts available at £15,000 each.   

 

Please call on 0845 603 0708 for further details.

 

S1102

Kent

 

Sole Practitioner since October 1998 conducting personal injury and clinical negligence claims.  He is considering an exit strategy and the ideal way for him would be to find a firm that he can join as a Consultant whilst gradually handing over his case load and reducing his working days. The intention is to retire in 2-3 years.

 

Please call on 0845 603 0708 for further details.

 

S1106

North East & South West

 

Offices in the North East and South West has a new SRA registered ABS law firm in which they are looking for lawyers to join them as co-owners. They would run the back office and support services including COLP and COFA.

 

Please call on 0845 603 0708 for further details.

 

S1079

North West London / Hertfordshire

 

Sole Practitioner selling a Family Law law firm in North West London. Last years turnover was £133k with net profit before tax of £66k. Turnover has increased by 43% for each of the last 3 years. 2 Paralegals. No claims, liabilities loans or overdrafts. £3k PI premium. Rented premises. Referral and web business only. Price reduction to £60k. 

 

Please call on 0845 603 0708 for further details.

 

S1082

Birmingham

 

£2.5 million turnover high street firm. The details will be released shortly.   

 

Please call on 0845 603 0708 for further details.

 

S1081


Providing a range of different services we are a multi-faceted business that can assist with online marketing, organic Search Engine Optimisation, Pay Per Click advertising, Legal Recruitment, Property Searches, White Label Conveyancing, Franchising, Law firm sales, Fee Sharing and providing PII quotes.