Law firms for sale
Central London Law Firm - Practice for sale
This well-established Central London law firm specialises in criminal defence, with 95% of its revenue derived from legal aid cases. The firm has recently extended its Specialist Quality Mark (SQM) to September 2027. In addition, it has successfully passed a Peer Review which should be effective until 2027.
The firm is in the process of applying for a 10 year contract with the Legal Aid Agency (LAA) from 2025, ensuring continued eligibility for legal aid work until at least 2036.
The firm is conveniently located in Zone 1, within modern, air-conditioned offices with large conference room/library, open plan and private offices and a range of amenities, including concierge service, and lift access.
The location benefits from excellent transport links and is within walking distance of major national rail stations, numerous bus routes and multiple London Underground lines.
The current lease on the office space runs until the end of June 2026, but there is a strong possibility for an extension under new ownership. In addition, the firm has a strong online presence and solid own client base.
With a turnover continually over £1m in the previous financial years and around £200k in work in progress (WIP), this practice presents an excellent opportunity for potential buyers looking to acquire a successful and reputable law firm.
Virtual Law Firm – Practice for sale
The firm has 11 years of trading history, a clean PI claims policy, no company debt and no issues with the SRA. There is a fully operational website in place. The firm employs a document management system to oversee all active cases, meaning a transition could be relatively straightforward.
The bulk of the firm’s revenue comes from private client work. The firm holds a small number of Wills, LPAs, Declarations of Trusts and Deeds. Over the last few years annual turnover has ranged from £30,000 to £40,000. Additional marketing could increase turnover substantially.
We believe this would be an ideal opportunity for an individual looking to start up their own first practice. The sole owner wishes to retire, although they are prepared to discuss proposals to assist with a smooth transition.
MK Postcode area – Practice for sale
Turnover for the last few years has been circa £150,000.
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 4,500 wills being stored.
No litigation or legal aid work is undertaken.
This practice is within 30 minutes of Milton Keynes, Northampton, and one hour from both Cambridge, and Watford.