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
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
Claims Management
We have a claims management company for sale with permissions to 'seek out referrals and identification claims' of all verieties and 'advertise, investigation or representation in relation to financial services or financial product claims.' Originated in 2010 the current owner took possession in 2016 but never traded although FCA accepted registration in 2019. This exceptionally clean company is offered at £55,000.00.
S1231
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. £30K discount if deal agreed by 29th October 2024 !
Please call on 0345 603 0708 for further details.
S1028
Guildford
An LLP based in Guildford since 2016 in rented offices with a 3 month notice period. 5% debt collection. 35% matrimonial. 55% professional negligence. 5% motoring. PI renewal end of May 2024 at 20k + IPT. WIP of 100 cases valued at £1m - 60 Pro Neg. 40 family & general. 12 month forecast of £700k. 2 solicitors, 1 trainee solicitor and 1 paralegal. 2023 turnover £646k and net profit before tax of £88k.
S1238
Lancashire
- Selling of WIP: Specialist data breach litigation firm looking to sell WIP 100-300 cases. Specialist member of staff may transfer with the work. Lancashire location, clients sourced nationally. Funding options available.
- Sellng of cases: Fully-funded data breach cases for sale. Fully packaged with initial client letters and initial sign up documentation. Can be sold funded or without.
S1214
London and Australia
An immigration law firm with offices in London and Australia.
Please call on 0345 603 0708 for further details.
S1096/1
London
A shell firm that is an SRA regulated Ltd. The Ltd company was incorporated in 2011 and it has never traded. For sale for 80k, without professional indemnity insurance. London based.
S1158/1
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
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
Manchester
We are again offering these Manchester based solicitors for sale. There are 3 important changes:
- The price is reduced to £120k.
- The debts have reduced to £80k working capital debts.
- They have achieved the status of DIFC and so have a licence to trade in Dubai.
- Current WIP is £100k+.
S1203
Manchester
Manchester based Ltd co law firm. Established in 2014 in property leased from the directors. PI premium only £5,300 renewable Sept 2025 with no claims ever. Turnover over £248k with a profit of £40k. WIP of £61k in Clin Neg, Dental Neg, Ind Disease, RTAs, EL & PL, and housing disrepair with a pipeline of £858k and a 12 month forecast of £360k. 4 Solicitors working part time with a fee sharer.
S1237
Manchester
Manchester based sole practitioner since 2009 converted to a LTD in 2013 with 24% LPA/COP. 72% probate and estate admin.4% wills and trusts. PI only £5,600 renewing 1/3/25. No claims. T/O £84k WIP £10k with 228 cases open and 21 live. Offered at £60k.
S1234
Northwood and Burnham
Well established law firm with two Family legal aid contracts: The first is based in Northwood and a second based in Burnham. These commenced in November of 1999 and renewed in 2021 for another 5 years. The current holder will retain the physical offices and, with 27 years PQE, is willing to act as the supervisor for the acquiring firm with the LAA, for a fee depending upon the level of involvement required. LEXCEL Accreddited.4 fee earners and 2 admin. The firm has enjoyed strong growth in 2022, doubling gin size and increasing turnover to £214k profit before tax up at £103k. Current forecasts are on track for £300k+ with currently £200k WIP.
Please call on 0345 603 0708 for further details.
S1127/1
North London
Based in North London, we offer a sole practitioner turning over £289k with a net profit before tax of £70k. Conveyancing of houses and flats. Lease extensions and purchase of freeholds by residential leaseholders. Commercial and investment properties. Shared ownership and housing association purchases & sales. Legal work on mortgages and remortgages. Offers invited.
S1233
North Manchester
We have a sole practitioner based in Rochdale since 1983 for sale, in a short lease office. 4% commercial conveyancing and 19% residential. 14% non-litigious. 31% probate and estate administration. 3% will (2400 held) 27% trusts and 300 executorships. PI of only £15k oa until June 2025. No claims. Turnover £195K with net profit before tax of £36k from 308 ope cases and 192 live to give WIP of £16k. 2 admin staff. On 3 panels via Lender Exchange. No legal aid. No post sale consultancy required. Offered at £70,000.
S1241
North Wales
We have a sole practitioner based in North Wales since 2000, looking to retire. Office on a month by month lease. 21% residential conveyancing, 5% commerical conveyancing.
4% commerical and corporate. 4% debt collection. 46% probate and estate management. 20% general. 1100 wills held. PI Premium £33k pa to June 2025. £194 turonver with £100k profit. 360 open cases with current WIP £17k. No employees. No panels. No CQS. Offers invited.
S1246
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
North West London
Based in North London, we offer a sole practitioner turning over £289k with a net profit before tax of £70k. Conveyancing of houses and flats. Lease extensions and purchase of freeholds by residential leaseholders. Commercial and investment properties. Shared ownership and housing association purchases & sales. Legal work on mortgages and remortgages. Offers invited.
S1233
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
Shell company
A clean company shell, not SRA registered: LAW Ltd. Offerred at £50k
S1242
Shell company
Untraded, SRA registered, ABS exisiting under parent company PI Insurance. £45,000
S1226
Shell company
A UK registered untraded company without a banking licence, but which contains the word BANK within it's name. Registered prior to the ceasation of this word to be used in a company's name. Given the sudden market interest in digital banks and the strong branding potential of 'XXXX Bank', the owner has received a fair amount of interest for the bank and currently has an offer from a prospective buyer for the price of £1.2 million. This is now the price range he's looking at.
S1096
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
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
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.
S1208
West London
We have a sole practitioner based in West London since 1997 for sale. They offer residential conveyancing, notary public, crime, debt collection, employment, immigration, probate and estate administration. 2021 turnover slightly down at £158k but net profit is up from £71k to £125k inc Bounce Back income. Forecast secured at £150k but improvement on this is expected. No claims and PI renewal secured. WIP of £20k+. One solicitor and one paralegal. The solicitor will consider an ongoing consultancy, prior to his retirement, and the paralegal will stay if required. On all panels except Leeds and Kent Reliance. No legal aid contracts. The property is owned by the solicitor so a secured rental if required or he would consider selling at market rates. Asking £98,000 for the practice without the property. We understand the property is worth in the region of £450k.
S1165
WIP
We have a client who is looking to divest their book of live non-disclosure of commission cases. All clients are on a DBA at 40% + VAT and ATEI arranged for all cases issued and the court timetable. The firm is open to transferring with the book all fee earners associated to these cases.
The book is made up as follows:
- 4,616 live cases
- 20 defendants with 55% of live cases with the top three 26%, 17% & 12%
- Quantum of claim £25.3m, average of £5.5k per claim
The firm is seeking offers.
S1229
Case Management Software
Web Design For Law Firms
Law Firm Sales
Estate Agent & Brokers
Legal Recruitment
Conveyancing Searches
Franchising
Fee Sharing Solicitors
