Law firms for sale

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Law Firm Shell for Sale.

Sole Practice.

Central London Location.

11 Year Trading History

Virtual Office

Telephone, Web Site, Full P I Insurance

Perfect for someone ready to start their own practice.

Price on application. 

For more information, email solicitorsupermarketbiz@gmail.com quoting “Central London Shell”

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This is a well-established, modern and progressive LTD Solicitors’ Practice based in the Rhondda Cynon Taff area, servicing Aberdare, Pontypridd, Talbot Green but also Cardiff and nationally.

This Practice occupies modern, air conditioned offices with parking on a lease that has another two years to run. 

At least one of the directors would be prepared to remain with the firm after disposal to smooth the transition on terms to be agreed. 

Apart from the two Directors, there is one other fee earner and eight support staff, including an office manager and a legal cashier. 

Turnover in the last financial year was around £340K with about £65K of WIP. There is significant potential for any purchaser to develop the practice and increase turnover considerably.

Matrimonial and Children related work each comprises about 40% of turnover, wills/trusts/probate work accounts for 17%, with the balance made up of small amounts of Commercial Litigation and Contentious employment work. 

This firm holds matrimonial and children legal aid franchises, being one of the few firms in South Wales to do so. 

It is worth noting that they are Lexcel accredited and have recently been shortlisted for two prestigious national industry awards. 

They also hold a very valuable will bank with around 1,050 wills being stored. 

This Practice is profitable and with a clean P I claims policy, would be ideal for one or two individuals who are looking to start up their own first practice. We believe this Practice would also be of interest to Practices in South Wales who would like to expand their exposure to legal work in the area.

For more information, email solicitorsupermarketbiz@gmail.com quoting “CF South Wales”

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This is a well-established LTD Solicitors’ Practice based in the centre of this significant Gloucestershire town. 

The firm occupies offices on a lease that expired in 2021.  They are holding over and because they have a good relationship with the landlord, it is highly unlikely that a request for a new lease would be rejected.  

However, this would enable the acquirer of this practice to move the firm to another geographical location without any lease termination or significant dilapidations. 

Apart from the three Directors, there are three other fee earners and two support staff. 

Turnover in the last financial year was around £1.1M with about £100K of WIP. There is significant potential for any purchaser to develop the practice and increase turnover considerably. 

Corporate work comprises 55% of turnover, employment work accounts for 35%, commercial property and general commercial 10%. In a major town centre economy, there is phenomenal opportunities for growth as they do not handle wills/trusts/probate work, matrimonial or residential conveyancing. 

This firm does not hold any legal aid franchises. 

There is an hourly national rail service to London Paddington and excellent parking. 

This Practice has an incredibly high net profit to gross fee ratio so would be ideal for one or two individuals who are looking to start up their own first practice. We believe this Practice would also be of interest to Practices in the Provinces who would like to expand their exposure to legal work in Gloucestershire and the surrounding Cotswold region.

For more information, email solicitorsupermarketbiz@gmail.com quoting “GL Gloucestershire”.

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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 solicitorsupermarketbiz@gmail.com quoting “Oxon Sole Practitioner”.

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This is a well-established sole practitioner Solicitors’ Practice based in the EX postcode area of North Cornwall, close to the county border with Devon. 

The sole principal is of retirement age. He has a thriving practice but wishes to fully retire when the opportunity arises. He will, however, be willing to continue working to assist the purchaser for a few months should it be desirable. 

Turnover in the last financial year was £358,000 and other income of £4,000 plus. In the previous year, turnover was £469,000 and other income £4,000 plus. The sole principal has been preparing for retirement and as a consequence turnover has been reduced. There is significant potential for any purchaser to develop the practice and increase turnover considerably. 

This attractive Practice has made an average gross profit of 38% over the past two years. Of particular note is that the IT system can support remote/home working. 

Conveyancing and associated property work comprises 37% of turnover. Wills, probate and LPAs account for 51% of turnover and family work accounts for 12%. In a flourishing local economy, inroads can readily be made by a purchaser into other lucrative areas of work. 

The sole principal has worked in the town for over 40 years and has been a sole principal for 16 of those years. He formed a limited company four years ago. His firm has a strong reputation throughout North Cornwall and North Devon. 

The office is situated in a town with a high retirement demographic. There is considerable repeat business, new business comes from a variety of contacts and regular legal articles written by the sole principal in a local newspaper and various magazines. There are substantial wills, LPA and deeds banks. 

In addition to the sole principal, there are a further three paralegal fee-earners, and six support staff (some of whom have a job share). All staff have considerable legal experience. 

The office is leasehold on a long lease with break clauses and has a very modest rent. The office is spacious with an excellent reception area and two downstairs interview rooms which are disabled friendly. There are a further eight offices spread over two further floors, all fully equipped. Their premises are owned by a local charity which supports local businesses and they have substantial on site storage facilities. 

The offices enjoy a prominent High Street position in a busy resort town with beaches within walking distance of the office. It is a perfect location for anyone looking to escape city life and commuting and is ideal for a lifestyle change. 

This Practice would be ideal for one or two individuals who are looking to start up their own first practice. We believe this Practice would also be of interest to Practices in the Provinces who would like to expand their exposure to legal work in North Cornwall and North Devon. Because of the excellent geographical location, there is incredible potential for expansion.

For more information, email solicitorsupermarketbiz@gmail.com quoting “EX North Cornwall”.

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This is a two partner Solicitors’ Practice based in an affluent area of West Sussex. 

The Practice has been established for 27 years with a strong reputation and client base providing much repeat work.  

Turnover for the current year is in the region of £850K. 

The firm’s revenue is generated from residential conveyancing [33%], Commercial Property [8½%], Wills/Trust/Probate [24%], Matrimonial [19%], General Litigation [10%]. Employment [4%] and Miscellaneous [1½%]. They do not hold any legal aid franchises but are on all of the major lending panels. 

Apart from the two Partners, there is one full time and three part time fee earners, two administrators and six secretarial support staff. 

The firm is operated from leased premises just on the edge of this major town in a very good location with parking.  The lease expires in 2020. 

My Clients have an excellent P I record. 

We believe this Practice would be of interest to Practices who would like to expand their exposure to the private and commercial client work in West Sussex, in particular the Billingshurst, Crawley, Horsham, Dorking, Reigate, Storrington, Haywards Heath, Burgess Hill and East Grinstead areas.

For more information, email solicitorsupermarketbiz@gmail.com quoting “West Sussex”.

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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 solicitorsupermarketbiz@gmail.com quoting “Devon TQ”.

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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 solicitorsupermarketbiz@gmail.com quoting TR Cornwall Postcode.

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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 solicitorsupermarketbiz@gmail.com quoting “Teesside”.

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We are delighted to have been retained to dispose of a 2 Partner Solicitors’ Practice based in the North Cotswolds area. 

The Principals are interested in selling the practice as a going concern due to their desire to retire although they are willing to be flexible as to any ongoing involvement as required in order to enable a smooth transition for all concerned. 

My Clients are the only law firm in this small affluent Cotswolds town and occupy offices in an excellent location on the main road through the town. Their lease has expired and are holding over with security of tenure, so a move to another location would be easy and would not involve any lease termination issues or dilapidations. 

Turnover for the current financial year is in the region of £135,000. However, due to the excellent client base, history and location there is an incredible potential for expansion. 

The main fee earning characteristics of the firm are Residential Conveyancing [53%], Commercial Property [2%] and Wills/Trust/Probate [45%]. This firm does not hold any legal aid franchise, has no outstanding P I claims and is on all of the major conveyancing panels and a member of CQS.  They hold around 1,400 wills, thousands of deeds and hundreds of LPAs/EPAs. 

Apart from 2 Partners there is 1 employed secretary plus a couple of self-employed support staff. 

This Practice would be ideal for individuals looking to start up their own first practice. It would also appeal to Practices in the Provinces and those already with close proximity to the Cotswolds, such as Cheltenham, Gloucester, Winchcombe, Evesham, Stow-on-the Wold, Bourton-on-the-Water, Tewkesbury, Northleach, Stroud and Cirencester, who would like to expand their exposure to legal work in this area.

For more information, email solicitorsupermarketbiz@gmail.com quoting “ Two Partner North Cotswolds Practice”.

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We are delighted to have been retained to dispose of a 4 Director Solicitors’ Practice based in North East London. 

The Shareholders are interested in selling the practice as a going concern due to their desire to devote their time and energies to their other business interests although it is anticipated that at least one of the remaining Directors would be willing to continue working after disposal. 

My Clients have asked me to emphasise that this is no way a distress disposal and they will be looking for a realistic goodwill payment. 

This practice was originally established in 1998.  My Clients operate their Practice from offices under a protected lease although the lease has expired and they are holding over.  This would enable an acquirer to transfer the Practice to another geographical location without any lease termination costs although it is expected that the landlord would be prepared to grant a new lease to a purchaser. 

The offices are based in an excellent geographical location, on a main road with continual passing traffic, buses and footfall, close to a number of major retail outlets, pubs, banks, estate agents, as well as being about 250 yards from an underground, overground and bus station. Travel times to Kings Cross and Liverpool Street are around 15 – 20 minutes. This is a vibrant, ethnically diverse multi-cultural area in close proximity to Chingford, Walthamstow, Tottenham, Leyton, Whipps Cross, Highams Park and Leytonstone. 

Turnover for the current financial year is in the region of £1,350,000. However, because of the excellent geographical location, there is incredible potential for expansion. 

The main fee earning characteristics of the firm are Residential Conveyancing, Criminal Defence and Claimant Personal Injury. The remainder of the fee earning characteristics of the firm are Immigration, Commercial Property, Wills/Trust/Probate and Matrimonial. This firm holds a criminal legal aid franchise and is on all of the major conveyancing panels. 

Apart from the 4 Directors, there is one employed barrister, 6 self-employed consultants and 9 support staff. 

This Practice would be ideal for one or two individuals who are looking to start up their own first practice. We believe this Practice would also be of interest to Practices in the City, the West End as well as in the Provinces who would like to expand their exposure to legal work in North East London.

For more information, email solicitorsupermarketbiz@gmail.com quoting “N E London Practice”.

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3 Partner Solicitors’ Practice for Sale – HA Postcode area

We are delighted to have been retained to dispose of a 3 Partner Solicitors’ Practice based in the HA postcode area N W London. 

The Partners are interested in selling the practice as a going concern due to the ill health of one of the Partners, although at least one of the remaining Partners would be willing to continue working after disposal. 

Turnover for the current financial year is in the region of £450K. However, because of the excellent geographical location, there is incredible potential for expansion. 

The fee earning characteristics of the firm are Wills/Trust/Probate work [15%], Commercial Property [17%], Residential Conveyancing [48%], Landlord + Tenant [16%], Matrimonial [3%] and Employment [1%]. This Practice also holds around 650 wills.  This firm do not hold any legal aid franchises but are on most of the major conveyancing panels. 

Apart from the 3 Partner there are 3½ full time equivalent support staff. 

My Clients operate their Practice from two adjacent buildings which are owned by the Partners.  This would enable an acquirer to transfer the Practice to another geographical location without any lease termination costs although the Partners would also be prepared to consider either selling or leasing the premises to interested parties. 

The offices are based in an excellent geographical location, on a main road with continual passing traffic, buses and footfall, close to a number of major retail outlets, banks, estate agents, as well as being about 400 yards to the centre of the area’s main “High Street”. This area is in close proximity to Harrow, Pinner, Ruislip, Eastcote, Edgware, Belmont, Bushey Heath, Stanmore, Wealdstone, Harrow Weald, Headstone and Hatch End. 

This Practice would be ideal for one or two individuals who are looking to start up their own first practice. We believe this Practice would also be of interest to Practices in the Provinces who would like to expand their exposure to legal work in N W London.

For more information, email solicitorsupermarketbiz@gmail.com quoting “HA 3 Partner Practice”.

 

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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 more information, email solicitorsupermarketbiz@gmail.com quoting Berkshire/Surrey border.

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Two Partner Solicitors’ Practice based in Mid Essex that the Partners are interested in selling as a going concern due to their wish to pursue other activities but both would consider remaining as consultants after disposal to assist with a smooth transition.

Turnover last year was approximately £523,000 and was made up approximately of Residential Conveyancing [9%], Wills/Trust/Probate [4%], Commercial Property [1%], Private Matrimonial/Children [36%], Legally Aided Matrimonial/Children [35%], Contentious Employment [7%] Claimant Personal Injury [3%] and Miscellaneous Litigation [5%]. The Practice holds about 430 wills/EPAs and 323 deeds.
The Practice is in the centre of a thriving and expanding mid Essex town. It has close proximity to a national rail station for easy access to London and the Essex, Norfolk and Suffolk coasts.
It has reasonably close proximity to the A12, A127, A128 and is about 20 minutes from the M25.
The Practice holds a Family/Matrimonial Legal Aid Franchise.
The Partners own the freehold premises where the Practice is based and occupies about 2,155 sq. ft. of office space, virtually directly opposite a major supermarket outlet.
The freehold is worth in the region of £550K which would be available for sale or lease.
These premises are more than adequate for the practice’s current activities and offer room for future expansion.
Apart from the two Partners, there are 4 full time equivalent support staff.

For more information, email solicitorsupermarketbiz@gmail.com quoting: Mid Essex

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