Law Firms For Sale

We are constantly discussing the buying and selling of law firms and are actively building our portfolio of clients and interested parties.

 

If you'd like to discuss listing your firm for sale, on a P&C basis, or wish to discuss the opportunities below please contact either Tegan McGuire or Nick Parker for further details via 0345 603 0708 or marketing@legalbrokers.com

 

• Dagenham. Sole practitioner established 1980. Commercial, Probate and Family. Member of Law Society Children Panel. Converted to an LLP on 1st Feb 2014. High growth in Domestic Violence Dept. Profitable with growth forecast for 2017 15-20%. Asking price of £250k. S1028​

• ​East Sussex. Very profitable high street practice based in East Sussex offered for sale due to poor health. 2016/17 turnover £280k with last there years average profit before tax and drawings of 44%. MAINLY CONVEYANCING. Asking £140k. S1034​​

• Mayfair law firm. Asking £1.5 million. Details on Application. S1051​​

• Slough based 3 partner practice with 6 staff established 1998.  PI, Family, Civil. Conveyancing (CQS)  Immigration, Housing, Notary Public & Probate. Sitting on 15 panels. £780k t/o with £111k net profit before tax. No borowings. WIP approx £200k. Asking £350k or offers. S1056​

• Hampshire. A 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 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.Turnover av £250k. Comprising probate 56%, POA/COP 21%, residential conveyancing 13%, Wills 8%, Notary 2%. No legal aid franchises held.  Not on any conveyancing panels. S1076

• West London practice details awaited. S1078

• North East and South West law firm. 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.​ S1079

• Birmingham.  £2.5 million turnover high street firm. Details will be released as soon as possible. S1081

• Hertfordshire. Sole Practitioner selling a Family Law law firm based in North West London. Last years turnover was £133k with net profit before tax of £66k. 2 Paralegals. No claims, liabilities loans or overdrafts. £3k PI premium. Rented premises. Referral and web business only. Price reduction to £60k. S1082

• East England. Law firm established for over 10 years. A virtually paperless firm who are well established and respected. 40% children, 20% residential conveyancing, 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. With 3 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. S1083

• Peterborough. £600k turnover with £100k profit. Family Legal Aid Contract, Conveyancing, Wills & Probate (2,300 Wills), Civil Litigation and Commercial. Excellent Lexcel report. The Principal will remain for upto 2 years to ensure a smooth transition. S1093

• 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 etc and the strong branding potential of XXXXX Bank Ltd, 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. In addition we now offer full support in obtaining EMI licensing in the buyer's name and all this is included in the purchase. S1096.

• London Docklands. Combined non-regulated LLP and Ltd company. In 2018 the 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. S1100

• North London. We have a modern property law firm for sale. 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. Head of Legal works with 3 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. S1108

• Manchester. Award winning sole practitioner achieving the UK's No: 1 fastest growing female led business. Personal recognition given by the Prime Minister and The Times. A Manchester based firm mainly involved with commercial and corporate work with some debt collection, children, mental health & welfare plus wills, trusts and tax planning. 304 wills held. Turning over £265k and an NBT of £63k. SP plus 2 fee earners, 1 paralegal and a part time book-keeper. LFYB certified. S1117

• Northwood. Well established law firm with two Family legal aid contracts: The first is based in Northwood, covering Middlesex and Hertfordshire, and a second based in Burnham covering Buckinghamshire and Berkshire. The legal aid contracts commenced in November of 1999 and currently run until 2021. However the Legal Aid Agency have commented that they will be automatically extended, possibly for another 3 to 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 Accredited. S1127

• An English speaking German Ltd law firm with offices in the North and South of Germany, Spain and China, specialising in Patent law, IPR and Patent litigation. Turning over €4m with a net profit before tax of €1.5m. Their focus is to support their domestic and international clients in acquiring, expanding, defending, litigating and managing intellectual property rights throughout the world. As European and German patent attorneys, they represent their clients before the European Patent Office (EPO), the German Patent and Trademark Office (GPTO), the European Union Intellectual Property Office (EUIPO) and the World Intellectual Property Organization (WIPO). S1128

• Bradford. Very clean, so to speak, sole practitioner founded in 2008. No Claims ever. No liabilities and no complaints. 50% mediation, 40% expert witness. 6% immigration. 2% conveyancing. 2% trusts. All from referrals and repeat business. The principal is now engaged in international mediation work in the MENA region. He is willing to stay on as a consultant if required on £35k pro rata. Asking price for the going concern is £55k. S1129

• Nottingham. Small immigration specialist turning over £100k but growing rapidly online. Details to follow. S1132.

• Cheshire. Established in 2008 this Ltd company law firm is 65% residential and 20% commercial conveyancing, CQS registered, and 15% matrimonial and family, and a member of Resolution, with genuine and identified cross-selling opportunities. PI cover inc IPT is £63k and renewal is on the 1st April. 2 claims in 2013 and 1 in 2020 all settled. None outstanding. The firm has additional cybercrime insurance in place. Average profit over last 3 years of £180k with significant growth forecast in 2021 and current WIP of  £200k from 250 live cases and c400 open heading to their forecast of £550k in 2021. 2 directors + 3 conveyancers + PA/Secretary and 3 part-time admin. They are on all Lending panels except the two requiring 5 partner/directors. No legal aid. Willing to stay for up to 8 years with a consultancy contract. Asking £300,000 of which £150k on completion and £150k in 12 months. S1137. 

Investment Sought

 

Law firm looking to take on board a practicing lawyer with investment, to speed expansion, between £50k and £1m. PQE not as important as the desire to join a fast growing and acquisitive firm at the beginning of their expansion. London based at present they are looking to acquire throughout the UK. B11249. 

 

• B11056. A law firm with a retiring sole practitioner in or near Wolverhampton.  
• B11065. Acquisition of a law firm with a Family Legal Aid Contract.  
• B11075. Wanted immediately: A practice that specialises in property and has an established Estate Agency attached. Preferred location is in Yorkshire or adjoining counties. Alternatively an estate agency for sale in this area would be acceptable.
• B11075/2. A Crime Legal Aid Contract(s) within 20 miles of Bradford. Our Client is willing to buy the contract or the firm.
• B11091. A Buckinghamshire based law firm looking to acquire a Criminal Aid Contract anywhere in the UK. Offices facilities in the locale preferred.   
• B11098. Wanted a law firm for sale within 25 mile of Leicester.  
• B11107. A well established law firm based in Rochdale are looking to acquire firms, or WIP, in the arenas of Medical Injuries. Serious Injuries. And Industrial disease. 
• B11139. URGENTLY WANTED. Any law firm with Personal Injury WIP, or our client will buy the PI WIP alone.
• B11148. Law firm shell wanted with PI cover in place, anywhere in the UK.    
• B11150. Any law firm, big or small, based in the North East of England.     
• B11165. Wanted a UK based Claims Management Company.  
• B11176. TRAINING CONTRACT sought in the NORTH WEST for a bright young student. There are no charges associated with this introduction.  
• B11184. Wanted: looking for a Small/medium claimant PI practice in the North West, South West or South Wales.  
• B11195. We have a Canadian client who is looking to acquire an English or Welsh law firm that is both profitable and turning over between £2 - £5 million. The purpose of the acquisition is intended to lead to an IPO on the London Stock Exchange. The purchaser currently consists of two law firms with combined revenues of $5 million. The desired timeline is for a completion within a year.
• B11196. Wanted to acquire a general practice law firm based within reach of Stockton-on-Tees.  
• B11199. Wanted to acquire a law firm with a Criminal Aid Contract in Yorkshire and the North West.  
• B11204. An SRA lawyer looking to acquire a Conveyancing firm with CQS in Leeds.
• B11206. Experienced client with a law degree looking to buy or join an ABS to undertake a training contract and then acquire the whole. Brings a very large clientbase within the Midlands.
• B11207. Wanted: Sole practitioners or small law firms in the West Midlands area looking to retire or wind down to avoid run off costs.
• B11249. To purchase Personal Injury and Medical Negligence WIPs and aged debtors books.
• B11271. Wanted. A law firm in Wales, preferably operating from one office: Turnover £1m to £3m. Profit not important. Run off insurance paid if any directors/partners wish to retire. PI insurance not essential. No legal aid. Skillset required in order of preference (not all essential). A wills bank/ probate work - Conveyancing (commercial and residential) – Corporate - Agricultural law - Anything else specialistic; tax law, etc - Family law (private) – Litigation.

• B11328. Wanted to Purchase: An employment law firm anywhere within the UK Preferably an ABS but operational with working PI in place.

• B11353. South East based Corporate/Commercial Law firm looking to acquire firm with t/o £100k-£300k. Target firm would have a strong litigious/contentious or commercial property element, the seller would be willing to work with the buyer on a consultancy basis to oversee the transition and transfer of skills to junior fee earners. 
• FSC 4067. Seeking an Immigration Legal Aid Contract, anywhere in the UK.
• B11335. Two law firms sought to be acquired by one buyer anywhere in the UK: 1. Crime with legal aid and 2. Immigration with legal aid.
• B11382. International partner firm sought turnover around £2m. Our client has offices in Cardiff, Pembroke Dock, Bristol, London and Oxford.

 

Long Term Wanted

 

B11176/1. We have a client looking to acquire a prosperous legal multi-skilled law practice within the next five years. Therefore they are looking to get involved with, to work with and support an existing practice where a partner, partners or the sole practitioner, is looking to retire, in the next five years, where pre-control involvement can build a trusting relationship for when eventual control is acquired. This will involve a training contract. Our client is happy to enter into high level discussions with a law firm preferably based in the North West.