Current listings below –
This is a thriving, well-established high street solicitor’s practice, located in a young up-and-coming Southwest London borough.
The practice is located on a prosperous high street, a stone throw away from bars, restaurants and local amenities. The offices are within a 10 minute walk of three train stations, which cover both the London underground network and the London overground service.
This is a stand-alone practice which is part of a wider multi-site firm, which has offices located throughout central London. Therefore, upon acquisition, a name change would be imperative. The principals are interested in selling the entire practice as a going concern.
The offices have excellent visibility with a large sign outside, which attracts passing trade. Upon purchase, this sign could easily be amended to a new name. The freehold is owned by one of the Principals of the firm, who would be willing to assign the existing lease or grant a new lease to the purchaser. The practice has a good PI record and has had no difficulty in renewing its insurance cover.
In addition to the three Partners, there are two further fee earners, plus five members of staff.
Turnover for the last few two years has been in excess of £1m. There is significant potential for any purchaser to expand the practice and significantly boost turnover.”
The bulk of the firm’s revenue is generated from residential property transactions (85.5%), landlord & tenant & lease extensions (8%) , probate (3%) and wills & lasting powers of attorney (3.5%). The practice holds excess of 600 wills, together with approximately 70 powers of attorney. The firm is completing and storing approximately 100 wills a year plus powers of attorney. No litigation or legal aid work is undertaken.
This practice would be ideal for one or two individuals who are looking to start up their own law firm, particularly in a young and dynamic area. We believe this practice would also be of interest to firms in the provinces who would like to expand their exposure to legal work in London. Because of the excellent geographical location, there is incredible potential for expansion.
For further information on this Practice please email firstname.lastname@example.org quoting “SW London”.
We are delighted to have been retained to dispose of a sole practitioner Solicitor’s Practice in the MK postcode area of Bedford. The principal wants to retire on terms to be discussed.
The Practice is a five minute walk from the high street of a bustling historic market town, which has a population of around 170,000. The transport links are plentiful – there are two National Railway stations nearby, and the train line connects to London St Pancras International within 40 minutes. There is a reliable and regular bus service which connects the town.
The firm continued to operate at a profitable level during the coronavirus shutdown. No staff were furloughed.
Turnover for the last few years has been circa £150,000, remaining profitable during covid.
The bulk of the firm’s revenue is generated from wills/probate [69%] and residential conveyancing [19%]. The practice holds a very valuable will bank with around 4500 wills being stored, and 4000 deeds are currently being stored. No litigation or legal aid work is undertaken.
This practice is within 30 minutes of Milton Keynes, Northampton and one hour from Cambridge and Watford and would suit one or two individuals who are looking to start their own business in these areas or expand their portfolio.
For further information on this Practice please email email@example.com quoting “MK”.
This is a thriving, well-established Sole Practitioner High Street Solicitor’s Practice, located in a small town in Oxfordshire, with a significant client base developed over more than 20 years. There is a close relationship between the practice and local families, as well as with local estate agents, financial advisers and other businesses.
The principal wants to retire but would be happy to remain with the firm to assist with transition, on terms to be discussed.
Turnover is £200,000 – £225,000 a year. There is scope for the conveyancing work to be built up, and the probate work is increasing year by year. Apart from a substantial local client base, many clients who have moved away come back for repeat work over the years. There are over 1,000 wills held, as well as powers of attorney and deeds.
The firm’s revenue is generated from Conveyancing (including some commercial work) – 40% Wills, Trusts and Probate – 25% and Family Law – 35%. No litigation is undertaken and no legal aid work.
Apart from the Principal, there is one full time secretary and a part time self-employed consultant solicitor, who provides cover. Bookkeeping is outsourced.
The firm continued to operate at a profitable level during the coronavirus shutdown, with a substantial number of client enquiries currently being received. No staff were furloughed.
The firm operates from a ground floor office, which would be available for purchase or lease.
The practice has a good PI record and has had no difficulty in renewing its insurance cover.
The Practice would be ideal for one or two individuals who want to run a practice in an affluent area, where the clients strongly appreciate a personal relationship with their solicitor. The Practice would also be of interest to a larger firm looking to expand its area of operations. It is close to the M40 and two larger towns.
The Practice is valued in the local community, in a growing town with diverse business and individual activities.
For more information, email firstname.lastname@example.org quoting “Oxon Sole Practitioner”.
This is a Two Partner Solicitors’ Practice in the TQ postcode area of Devon.
The Practice was established by the two present Partners in 1983. The Partners wish to retire although they are prepared to discuss individually proposals to continue working for an agreed time after disposal to assist with the transfer of the goodwill of the business.
My Clients have asked me to emphasise that this is not a distress sale and they are looking for a realistic goodwill payment.
Turnover in each of the last three years has been well in excess of £500K [currently £562K].
The bulk of the firm’s revenue is generated from wills/trust/probate [59%] and residential conveyancing [30%]. They do not hold any legal aid franchises.
Apart from the two Partners, there are four full time assistants and three part time assistants [which include the book-keeper and receptionists].
The Partners own their own freehold premises which would be available for sale or lease. Alternatively, the practice could be transferred to another geographical location.
My Clients have a clean P I record which could easily be transferred to an acquirer.
The firm is on virtually all of the major lending panels and holds in excess of 4,500 wills.
This Practice would also be ideal for one or two individuals who are looking to start up their own first practice and due to the excellent geographical location of the Practice, there is considerable potential for increasing turnover in the surrounding area and would be a fantastic opportunity for someone with energy and enthusiasm.
We believe this Practice would also be of interest to Practices who would like to expand their exposure to the private and commercial client work in Devon although because of the physical location, along the south Devon coast and within the “English Riviera” this would be very much a lifestyle choice.
For more information, email email@example.com quoting “Devon TQ”.
We are delighted to have been retained by a four Partner multi-disciplinary practice law firm with an office in the TR postcode area of Cornwall.
This is an old established practice that can trace it history back to the middle of the 19th century.
This Practice is situated virtually in the centre of this market town which has a population of around 17,500 and is on the main line rail network which connects through Plymouth, Exeter, Taunton and Bristol to Reading and London. The Principals are interested in selling the entire practice as a going concern as a couple of the Partners wish to retire although the other Partners might be prepared to consider staying with the firm after disposal in a part-time, full time or consultancy capacity on terms to be agreed.
The firms’ revenue is made up of Residential Conveyancing [60%], Wills/Trust/Probate [36%], Commercial property [3%] and miscellaneous [1%]. This Practice has an excellent reputation in the area with a turnover of around £360K. There is also around 13,250 wills, deeds and EPAs/LPAs.
P I cover is in place and there has never been any problems with renewal. They do not hold any legal aid franchises. Apart from the four Partners, there is one fee earner and nine support staff.
The firm operates from premises owned by two of the Partners. The lease has expired, and my clients are holding over although it would be available to buy or lease subject to terms. This would enable a purchaser to move the offices to another geographical location without any lease termination issues.
The offices are in an excellent geographical location within a short drive to A30, about three miles to the coast and four hundred yards to the railway station. This would certainly be a fantastic lifestyle choice as well as a firm with phenomenal opportunity for expansion as there are only one or two other firms in the immediate vicinity.
This Practice would also be ideal for one or two individuals who are looking to start up his or her own first practice and due to the excellent geographical location of the Practice, there is considerable potential for increasing turnover in the surrounding area and would be a fantastic opportunity for someone with energy and enthusiasm.
We believe this Practice would also be of interest to Practices who would like to expand their exposure to the private and commercial client work in Cornwall as well as firms that already have offices in the local areas, such as Truro, Camborne, Helston, Redruth, Hayle, Penzance, Penrhyn, Falmouth and St. Austell.
For more information, email firstname.lastname@example.org quoting TR Cornwall Postcode.
We are delighted to have been retained by a Two Partner Solicitors’ Practice with an office on Teesside. This Practice is situated in a busy North East town with around 100,000 inhabitants, close to the A179, A689, A1086 and the A19 and with a direct train service to London. The Partners are interested in selling the entire practice as a going concern.
This Practice has an excellent reputation in this affluent and expanding town as it has been operating there for over 40 years, is virtually in the centre of the town and has a turnover of around £400K. There are no legal aid franchises, but the firm holds Lexcel, IIP and CQS, as well as being on most of the major conveyancing panels. There is also around 1,500 wills, together with deeds and EPAs/LPAs.
The firms’ revenue is made up of Residential Conveyancing [70%], Wills/Trust/Probate [12%], Commercial property [10%] and Miscellaneous [8%].
My Clients have a good P I Claims record which could easily be transferred to an acquirer. P I cover is in place and there has never been any problems with renewal.
In addition to the 2 Partners, there is 1 fee earner/office manager plus 7 support staff.
The firm operates from premises owned by one of the Partners’ family members who has indicated that they would be prepared to sell the freehold, lease it to the acquirer of the practice although it also enables the practice to be moved to another geographical location without any lease termination costs or dilapidations.
This Practice would be ideal for one or two individuals who are looking to start up his or her own first practice and due to the excellent geographical location of the Practice, there is considerable potential for increasing turnover in the surrounding area and would be a fantastic opportunity for someone with energy and enthusiasm.
We believe this Practice would also be of interest to Practices who would like to expand their exposure to the private and commercial client work in the NE of England as well as in towns such as Sunderland, Middlesbrough, Hartlepool, Billingham, Stockton, Darlington, Durham, Peterlee, Seaham and Sedgefield. We also anticipate enquiries from Firms in the provinces interested in expanding and who would like to use this Practice as a platform to target the lucrative market.
For more information, email email@example.com quoting “Teesside”.
I am delighted to be associated with three exciting books
“Running a Successful Law Firm – Strategies and Tips for Success”
“How to get more Commercial Clients – A How to Book for Law Firms”
“I’m a Solicitor. Get me out of here! A Guide for Solicitors who wish to sell, merge of value their Practices”.
Available from www.EstelleAlanPublications.com
Two Partner London Practice looking to Acquire:
This is an expanding 7 year old 2 Partner Practice based in the Angel Islington area are looking to acquire/absorb a small number of sole practitioners and/or two partner practices. They are generally looking within the area bounded by The North Circular and South Circular Roads although would be prepared to consider firms as far north as Hendon, east as Docklands, west as Chiswick and south as Brixton. They also have a particular interest in small firms in the Richmond, Mortlake and Hampstead areas. They would consider firms handling most types of legal work [except Legally Aided] and firms with a turnover of between £100K and £350K would be the most attractive.
For further information, email firstname.lastname@example.org quoting; Angel Islington Practice
Expanding 5 Partner, high profile and forward thinking practice in the Thames Valley in the Legal 500 and with Investors in People accreditation, are looking to expand by the acquisition of more practices and Senior Solicitors with followings. They are particularly interested in making contact with firms with close proximity to the M4, A4, A40 and the M40 from the West London suburbs as far west as the Oxford and Reading areas. They have space in their offices close to the Slough and Windsor areas and are looking to absorb additional work and staff into their offices where they can provide the back office, infrastructure, marketing and insurance aspects. In exchange, they are willing to offer possible partnership, consultancy or a goodwill consideration to facilitate retirement. Of particular interest to them is more, company, commercial, matrimonial/children work, immigration, landlord & tenant, insolvency, litigation and intellectual property.
For information, email email@example.com quote: “Thames Valley Practice”.
A relatively new Practice based close to the M11 are looking to expand and develop a branch network in the Suffolk, Cambridgeshire, Essex and Hertfordshire areas and would even be interested in a Central London location. They are looking at acquiring small practices – Sole Practitioners as well as 2 or 3 Partner/Director firms – where the Principals are approaching retirement or feel they have a lack of critical mass to make their firm sufficiently profitable. Ideally, they would be looking for the Principals/Solicitors to stay for a period to smooth the transition. They are particularly interested in firms that handle non legal aid family/matrimonial, general private client work, crime and civil litigation.
For more information, email firstname.lastname@example.org quoting: “M11”.
Expanding 10 Partner Central London Practice interested in Merging or making Acquisitions
We are delighted to have been retained by the above practice who are looking to expand and are interested in hearing from Principals/Partners of smaller Practices who might be looking for an exit route and who would consider an arrangement with a Central London Firm worth exploring.
My Clients are already handling work in the following categories – Residential Conveyancing, Commercial Property, Civil Litigation, Family, Crime, Immigration, Estate Planning and General Commercial. They already hold franchises in Family, Crime and Immigration. They are interested in expanding their work exposure in their existing categories but would not be averse to consider moving into other areas of law where such opportunities exist.
They are happy to consider merging with or the acquisition/absorption of Practices within a reasonable commute of central London.
They would be prepared to listen to proposals from the Principals/Partners of firms who would find an attraction in being part of a larger organisation and who might find the offer of, say, Equity, Partnership, Employment or Consultancy a very real alternative to continuing the running their own Practices in this tough economic climate.
For further information, call 01494 483728 or email email@example.com quoting “Central London”.
This is a two partner solicitors’ practice on the Berkshire/Surrey borders. The Partners would be interested in potentially merging the practice with a forward looking firm for the mutual benefit of all parties.
The Firm is located within the Golden Triangle of the M4/M3/M25 and is less than 10 miles from Heathrow Airport. The area is very much in a desirable “Stockbroker” belt with a large number of high net worth residents – both U.K. and foreign.
The offices have A2 planning use for professional and financial services and are situated at the junction of a busy main road with continual passing traffic. Free car parking facilities are adjacent and there is a national rail station with access to Waterloo and the City.
The partners own the freehold of the premises which are leased to the Firm. The offices are computer networked.
Income is circa £500,000 a year which comprises approximately residential conveyancing (30%), commercial conveyancing (10%), wills and probate (26%) and family law (34%).
The Firm holds a legal aid franchise in family law.
In addition to the two partners there are three fee earners and four support staff. The Firm holds more than 2,000 wills and a similar number of deeds.
The Firm is strategically located in an affluent area and has great potential for growth.
We believe this Practice would be of interest to provincial Firms wishing to gain a foothold to the West of London to develop their Commercial and Private Client bases in this increasingly attractive area.
For further information, call 01494 483728 or email firstname.lastname@example.org quoting: “Berkshire/Surrey border”