Buying, Selling, Valuing, Merging Law Firms

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

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

An immigration law firm with offices in London and Australia. 

Please call on 0345 603 0708 for further details.

S1096/1

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

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

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

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

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

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

  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

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

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

S11572

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

S1165

We are again offering these Manchester based solicitors for sale. There are 3 important changes:

1. The price is reduced to £120k.

2. The debts have reduced to £80k working capital debts.

3. They have achieved the status of DIFC and so have a licence to trade in Dubai.

Current WIP is £100k+.

S1203

S1204

1. Selling of WIP: Specialist data breach litigation firm looking to sell WIP 100-300 cases. Specailist member of staff may transfer with the work. Lancashire location, clients sourced nationally. Funding options available. 

2. 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

S1229

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

S1233

S1234

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

S1238

Ltd company based in North West Manchester. 95% crime, 5% matrimonial. PI £12k. Zero claims. WIP £400k with 1,300 open cases and 600 live. 5 duty solicitors (of which 2 are directors). 1 manager, 2 clerical, 1 paralegal. With crime legal aid contract and CQS certified. 1 director to retire; so 50% shareholding offered at £200k. Remaining director may cnosider share swop. 

S1240