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. S1147
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 Smethwick, and experience as both fee earner and practice management. S1168
Midlands. A partnership based in two offices in the Midlands 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. Asking £130k. A property is available for sale by separate negotiation and is offered at £600k. S1185
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. Offers invited. S1190
Manchester. We are again offering these Manchester based solicitors for sale: There are three 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 work in progress is £100k+. S1203
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
Southampton, Portsmouth and Bournmouth. We have a law firm established since 1990s who wish to sell due to relocation of the owner, PII insurance £34,000 renewed and paid for on 1st October 2023. There are 3 legal aid contracts in Southampton: Family. Crime (with Duty Solicitors scheme) and Immigration with over 800 existing clients and over £200,000 WIP, and in Portsmouth and Bournemouth: Family and Immigration with new contract starting September 2023. These contracts come with accredited and qualified supervisors and case workers in all 3 categories, an established sales ledger and WIP. The firm also have CQS in place with over 100 completed conveyancing and with around 50 current clients for conveyancing that is growing rapidly. Asking £400,000. S1217
London. London based law firm shell with satellite in Manchester and £100k debts. CQS registered. On 18 panels. History in property, immigration and family. Best offer secures. S1224
Available Soon. Dubai based law firm. Please register your interest. S1225
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.
B11328. Wanted to Purchase: An employment law firm anywhere within the UK Preferably an ABS but operational with working PI in place.
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.