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 or calling 0345 603 0708.


Legal Brokers Ltd

Sell a Law Firm



North Yorkshire

 

We have a partnership based in North Yorkshire and although established in 1995, both partners have been active in their field of personal injury and clinical negligence for some 40+ years. PI insurance has just renewed on October 1 for £13K and there has never been a claim. Average turnover from the past 3 years is £377,865 with average net profit before tax of £220,017 and WIP of around £300K with 90 - 95 open live files, plus 20+ disease based provisional damages settlements. All cases handled by 2 fee earning partners, a legal cashier, two part time legal secretaries and an assistant litigator. The practice is housed in an historic building within the centre of town which can be leased but may be also offered separately for sale. The business is covered by a Premex two-year credit for fast-track PI cases and 3 years for clinical negligence and multitrack PI, covered by a Markel ATE policy. All business comes from repeat recommendation with networking and web marketing alongside. One partner wishes to remain, the other to take a consultancy for a 5 – 7 year period. This business is offered for sale in entirety at £395K – (No offers for WIP only please).

 

Please call on 0345 603 0708 for further details.

 

S1190

London and Australia

 

An immigration law firm with offices in London and Australia. 

 

S1096/1

Nottingham and Rochdale

 

We have a Ltd company high street law firm for sale with leased offices in Nottingham and Rochdale. 5% conveyancing. 10% immigration. 5% family. 80% PI and mis-sold PCP finance. PI renewal October 2023 @ £24k. No claims. 390 open and live cases to give £36k WIP. 1 x Solicitor. 4 x fee sharers. 1 x admin. Owner will stay on as a consultant for as long as required.

 

Please call on 0345 603 0708 for further details.

 

S1196

Midlands

 

A partnership based in two offices since 1978. 93% conveyancing plus matrimonial, probate & wills. PI renews Oct 22; quote obtained. Turnover £767k and net profit before tax of £150k. WIP £45k with 206 open and live cases. 2 solicitors, 1 legal exec, 1 conveyancer, 2 secretaries and 2 cashiers. On all major panels. No LACs. CQS certified. Owner will consider a part time consultancy. A property is available for sale by separate negotiation. Asking £130k. 

 

Please call on 0345 603 0708 for further details.

 

S1185

Suffolk

 

We have a sole practitioner for sale established in 2003. Offices are on a five year lease ending in June of next  year. 85% conveyancing, with some litigation work, wills and probate, advocacy, matrimonial and crime. 2020 turnover at £181k and net profit before tax of £13k with improved performance in current accounts which are in preparation. PI renewel in September. WIP of £97k with 86 live cases, 10 others in civil litigation and 5 probates. 1 lawyer, 1 office manager and 1 cashier. On all major high street panels but no legal aid contracts. Holds a CQS certificate for residential conveyancing. Prepared to stay for a handover period at £40 per hour and seeking an offer price of £97k.

 

Please call on 0345 603 0708 for further details.

 

S1181

Solihull

 

A sole practitioner who has been running for two years on his own has now has to care for his aged father with dementia and is looking to reduce his hours. The SP fee earns in conveyancing, family and general civil litigation. He employs an Immigration consultant. Previously he practice managed for 25+ years. In addition he conducted 90% of all civil litigation and large family cases for his employer. In 2008 he set-up what became a very successful PI department. He is still in contact with all of the regular clients and most have joined him in his current practice. He has built the business either by buying in cases, contacting former clients and from professional contacts. With support and help of active colleagues/partners he is confident that the fees can be increased very significantly within the next year. In this current financial year he will achieve £100,000 turnover on his own. With support and back-up he is sure this would be significantly higher, allowing him to work frontline full-time. He is looking for either a remote consultancy role, to service excess clients, or for a merger with a company looking to expand into the West Midlands. He has excellent local contacts within Solihull, and experience as both fee earner and practice management.

 

Please call on 0345 603 0708 for further details.

 

S1168

London

 

A shell law firm that is an SRA regulated LLP. This shell LLP is offered at £40k without professional indemnity insurance, but with an option for the owner to assist in the obtaining of new professional indemnity insurance cover for an additional consultancy fee.

 

Please call on 0345 603 0708 for further details.

 

S1158

Leeds

 

A specialist family law firm, with LAC, established in 1991 with 90% revenues coming from Children, Mental Health and Welfare and 10% from Matrimonial and Family. No claims since 2008 - conveyancing work no longer undertaken. Turnover rose form £366k in 2019 to £429k in 2020 with net profit before tax rising to £131k in the year. The founder now wishes to reduce her workload to 3 days a week but is willing to stay on as a consultant for up to 3 years to ensure a smooth handover. All employees willing to stay. Office available to rent. Forecasting between £500k and £550k for the coming 12 months from 6 fee earners and 5 part time support staff. Glowing recent Lexcel report.

 

Please call on 0345 603 0708 for further details.

 

S1147

Bournemouth

 

We have a SIPPs (self invested personal pension) claims management company, for sale, or merger, or replacement of two of three current partners. Established in 2009 our client would like to remain with the firm but is open to all offers/structures for consideration. His fellow shareholders would like to sell the company and initially he would like to explore the possibility of buying out at least one fellow shareholder or possibly the two of them. He would be happy to remain with the business, either retaining his shares or as an employee. The company position regarding work is as follows:- Lodged claims being handled by the firm of c. £1.5m, of which they charge 20% plus VAT, so they have potential fees of c. £300,000 plus VAT. They have sent local solicitors claims to the value of £498,000 of which there is an agreement in place where they receive 10% pus VAT. They have further potential claims of c. £600,000; plus further potential claims of £1,590,000 against one entity where they have all the data. Additionally, they have a lot data which they haven't even started to process yet.

 

Call 0345 603 0708 for further details.

 

S1143

London and Sutton

 

We have a well established law firm based in two offices; in the City of London and Sutton, Surrey. Turnover of 2.1m with a net profit of £550k. The law firm is offered at 1.95m and the two properties at 3.2m. They may be accured together or seperately. 

 

1154

Surrey

 

Based in Woking in Surrey we have a long standing Solicitors and Notary Public partnership for sale having been established in the 1960s. Leased offices owned by the partners. 9% Commercial and 66% residential conveyancing. 23% wills trusts and probate with 2,500 wills stored and 10 probate cases in hand. Current PI @ £64k with renewal in October 2024. Turnover at £402 with net profit before tax of £73k and WIP of £75k from 100 open and 75 live cases; on course for a turnover this year of £420k. 3 solicitors. 3 legal secretaries. 1 bookkeeper and 11 trainee solicitor. On ALL panels except for the Clydesdale. CQS registered and no legal aid. Long handover guaranteed and asking £140k. 

 

1208

Dagenham

 

Sole practitioner law firm established 1980. Commercial, Probate and Family. Member of Law Society Childrens’ Panel. Converted to an LLP on 1st Feb 2014. High growth in Domestic Violence Dept. Family Law Advanced (FLA). £605k turnover in 2021 and a profit before tax of £158k. Asking price of £250k 

 

Please call on 0345 603 0708 for further details.

 

S1028

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 0345 603 0708 for further details.

 

S1082

London

 

We have a well-established conveyancing team based in London and comprising of a solicitor with 34 years PQE, an assistant with 30 years of experience, a qualified CLC, and one CLC trainee. They are currently fee earning on average £60,000 per month and work on an 85/15 split. They work remotely and are looking for a company umbrella with a claims free history. You should have at least 2 partners and be CQS certified.

 

F3114

London

 

Established and entrepreneurial barrister looking to invest into an existing law firm, or co-invest and develop a new firm seeking to develop asset forfeiture, regulatory and civil instructions alongside privately funded criminal work.

 

Please call on 0345 603 0708 for further details.

 

S11572

South London

 

A will writing company with nearly 60,000 wills in stock of which they are named executor of 14,000. 105,000 Wills in total. They are totally digitalised and the wills bank clients have all paid £600 for the extensive services they offer. Sell-ons include LPAs, PPTs and Trusts with very high client referrals. Probates sales currently running at £500k with four year’s projections calculated as £2.74m against existing revenue streams.

 

S1042

Southampton and Portsmouth

 

We have a law firm who wish to sell the legal aid aspect of their business under a newly formed LTD company shell, with fresh bank accounts and PI insurance at £6k pa on a run-off basis, There are 3 legal aid contracts. In Southampton: Family. Crime and Immigration and in Portsmouth and Bournemouth: Family and Immigration both of which commence in September. These contracts come with accredited and qualified case workers, an established sales ledger and WIP. Novation agreements have been approved by the Legal Aid Agency in all three skills, in writing, who will transfer the contracts when a buyer has been found. Asking £300,000.

 

S1217

 

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.