Buy A Solicitors Practice

We charge an initial £500 + VAT for legal practises who wish to advertise with us. Additionally if you're looking to sell a law firm and require a valuation please contact us separately.

As always we welcome Fee Sharing lawyers and currently have firms through out England & Wales looking for such individuals. We currently have an urgent requirement for an Immigration Solicitor (Fee Sharing) in North London.

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

Law Firms for Sale:

The following opportunities may be of interest;

• S1028: Sole practitioner law firm established 1980. Dagenham based (East of London). Commercial, Probate and Family. Member of Law Society Childrens’ Panel. Converted to an LLP on 1st Feb 2014. High growth in Domestic Violence Dept. Family Law Advanced (FLA) Profitable with growth forecast for 2017 15-20%. Asking price of £250k

   

• S1042: A will writing company with nearly 60,000 wills in stock of which they are named executor of 14,000. They are totally digitalised and the wills bank clients have all paid £600 for the extensive services they offer. Sell-ons include LPAs, PPTs and Trusts with very high client referrals. Probates sales currently running at £500k with four year’s projections calculated as £2.74m against existing revenue streams

   

• S1056: 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. Never borrowed nor had an overdraft in their 20 years. WIP approx £200k. CQS. Asking £250k

   

• S1082: Sole practitioner specialised Family Law and based North West of London. Averaged 43% year on year growth for last 3 years. 2 paralegals. Approx current WIP £100k. No claims, liabilities, loans or overdraft – ever. £3k PI premium pa. Referral and web business only. Rented premises. Generous handover period guaranteed. T/O to April 2018 £133k with NPBT & D £66k. Lexcel Accredited. Asking for £75k.

   

• S1083: Law firm with offices based in the East of England for over 10 years. A virtually paperless firm who are well established and respected. 40% children, 20% residential conveyancing, they are in two lending panels, 15% matrimonial and family, 10% probate an 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 and has their extended 12 month forecasts set to double, from £519,000 revenue and £130,000, net profit before tax. With 3 solicitors, 7 legal assistants, and 3 administrators they hold a Specialist Quality Mark (SQM) and CLA in Children’s Law. The team is happy to stay but are looking to expand their management structure.

   

• S1096: A UK registered untraded company without a banking license, but which contains the word BANK within its 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.

   

• S1096/1: An immigration law firm with offices in London and Australia.

   

• S1100: We can offer a London Docklands based combined non-regulated LLP and Ltd. They are non-regulated as an only non-reservedlegal services business, providing broad range of commercial contract drafting and data protection services, are undertaken by both entities. In 2018 LLP recorded a turnover of £219k and £87k profit before tax, while the Ltd recorded £64k and PBT of £51k. The 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 e-commerce website selling template, GDPR documentation, and remote data protection officer services.

   

• S1117/1: We have a Limited company law firm based in South Manchester. 5% Notary. 5% Commercial & Corporate. 5% Residential conveyancing. 10% Debt collection. 10% Employment. 10% Immigration. 10% Intellectual property. 15% Landlord & tenant. 10% Matrimonial. 5% Personal injury. 10% Probate. 5% Wills (320held). One claim in 11 years and PI premium of £8.6k. Turnover £205k and a loss of £60k this year against the previous two years with a profit of £104k. WIP of £100k with 75 cases open. Forecast of £250k. 3 fee earners and 2 support all to stay except owner. On 9 panels with CQS. No LACs. Proclaim. Offered at £110k.

   

• S1127: 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. These commenced in November of 1999 and renewed in 2021, 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. The firm has enjoyed strong growth in 2021 increasing turnover by 21% and profit before tax up from 20% to 60%.

   

• S1137: Established in 2008 and based in Cheshire 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 in IPT is $63k and renewal is on the 1st of April. 2 claims in 2013 and 1in 2020 are all settled. Not 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 partners/directors. No legal aid. Willing to stay for up to 8 years with a consultancy contract. Asking £300,000 - £150k on completion and £150k in 12 months.

   

• S1143: We have a SIPPs (self-invested personal pension) claims management company, based in Bournemouth, for sale, or merger, or replacement of two of three current partners. Established in 2009 our client would like to remain with the firm but is open to all offers/structures for consideration. His fellow shareholders would like to sell the company and initially, he would like to explore the possibility of buying out at least one fellow shareholder or the two of them. He would be happy to remain with the business, either retaining his shares or as an employee. The company position regarding work is as follows: - Lodged claims being handled by the firm of c. £1.5m, of which they charge 20% plus VAT, so they have potential fees of c. £300,000 plus VAT. They have sent local solicitors claims to the value of £498,000 of which there is an agreement in place where they receive 10% plus VAT. They have further potential claims of c £600,000; plus further potential claims of £1,590,000 against one entity where they have all the data. Additionally, they have a lot of data which they haven't even started to process yet.

   

• S1145: Due to circumstances beyond the control of the seller he has asked me to re-list his ABS law firm with current PI insurance in place. The renewal date for PI is 1st Feb. The company has not traded since the last accounts were produced at 31st July 2021 and only traded marginally prior - Turnover in previous 12 months £14k in Trusts, wills and probate. £30k for fast sale. 

   

• S1147: A specialist family law firm based in Leeds, with LAC, established in 1991 with 90% revenues coming from Children, Mental Health, and Welfare and 10% from Matrimonial and Family. No claims since 2008 - conveyancing work is no longer undertaken. Turnover rose from £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 tears to ensure a smooth handover. All employees are willing to stay. Office is 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.

   

• B11165: 2 in 1, CMC + ABS (SRA regulated, limited company structure) Busy London-based CMC specializing in personal injury (EL, PL, CLIN NEG, RTA, CICA) with a £1.4m turnover and strong profit margin. National client base. Client sources from websites and recommendations. No referral fees were paid. Claims free history. Small TUPE staff and self-employed consultants. Proven ability to generate all other types of legal work: residential & commercial conveyancing (connections with housing companies and property developers), commercial and general civil litigation, business sales & purchase, employment, crime, family, wills & probate, LPAs, landlord & tenant, etc. Included: An ABS (SRA regulated, limited company structure). Never traded. Ideally looking for a merger with another multidiscipline law firm or input from another potential partner or investor to expand in new areas; or bolt-on with a larger practice. Owner looking to stay.

   

• S1151: Criminal law firm based in the Northwest. Established in 2008 and based in Liverpool, they have 6 fee earners and 6 support staff. 50% Crime. 10% Commercial litigation. 5% Residential. 10% Landlord & Tenants. 16% Litigious. 1% Matrimonial. 5% Personal injury. 3% Wills & trusts/ 5,000 will be held. SQM. Proclaim. WIP £1m. The owner is moving to Ireland where he has other business interests. Current open files are Crime 648. General 297. CWI 144. Personal Injury 34. One VHCC in hand for approx £500k. 2019 £1.4m Sales and £130k profit. 2020 £657k and -£5k loss. Forecast for 2021 £1.2m and £100k profit. Offered at £1 to include debts of £598k.

   

• S1154: Three offices within the M25 this generalist law firm turns over just under £2m. Further details available soon.

   

• S1158: A shell law firm which is an SRA regulated LLP. This shell is offered at £30k without professional indemnity insurance, but with an option for the owner to assist in the obtaining of new professional indemnity insurance cover for an additional consultancy fee, and additionally, there is an option to take over two open empty bank accounts (client and working capital funds) at 3k each. London based.

   

• S1159: A Cardiff-based Ltd Co law firm established in 2000 and family run. 10-year lease on the office. 90% residential conveyancing specializing in new build and Help-to-Buy. 5% commercial and 5% probate and estate administration. Clean insurance claims record. £163k turnover with 22% net profit and £180k forecast. Averaging 75 live and open cases. 2 x solicitors. 1x trainee solicitor. 1x licensed conveyancer. 2 x part-time admin. All employees to stay. On 97% of all panels. CQS.

   

• S1165: We have a partnership based in West London since 1997 for sale. They offer residential conveyancing, notary public, crime, debt collection, employment, immigration, and probate and estate administration. 2021 turnover slightly down at £158k but net profit up from £71k to £125k inc Bounce Back income. Forecast secured at £150k but improvement on this expected. No claims, and PI renewal secured. WIP of £20k+. One solicitor and one paralegal. Solicitor will consider an ongoing consultancy, prior to his retirement, and the paralegal will stay if required. On all panels except Leeds and Kent Rotary. No legal aid contracts. The property is owned by the solicitor so a secured rental if required or he would consider selling at market rates. Asking £98,000 for the practice without the property. We understand the property is worth in the region of £450k.

   

• S1166: Based near Manchester a will writing company was formed in 1999 with over 5000 wills in store of which 2000 are on a reserve executor basis with a strong cross-sell of funeral plans, turning over £500k with forecasts of £750k, including £30k storage charges. Currently have 400 open cases. 9 employees. The owner will consider a long period of earn-out.

   

• S1168: A sole practitioner who has been running for two years on his own has now had 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 the practice was 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 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 or from professional contacts. With the 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 a £100,000 turnover on his own. With support and backup 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 Solihull, and experience as both fee earner and practice management.

   

• VWS1: Mixed services firm seeking exit and succession planning turning over £10million based in London and the South coast.

   

• VWS2: A small high street firm providing mixed services where the partners wish to retire based on the coast in Essex. Details awaited. Please register an interest.

   

• VWS3: Conveyancing CLC in Lincolnshire turning over £1.5m with £600kprofit. Details awaited. Please register an interest.

   

• VWS4: Commercial litigation and property firm based in Oxfordshire where the partners wish to retire. Turnover £1.2 m with 45% net profit before tax and drawings.

   

• VWS5: Mixed services law firm including 30% crime with family and children protection legal aid contracts with owners seeking an exit, based in Middlesex. £1.2m with no debt, asking £750k.

   

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

• R1017: Legal 500 Family Law Central London firm seeking Equity Partner, £80,000 + Bonus & Class A share equity. You should have at least 3 years PQE with relevant experience and ready for a senior leadership and fee earning role in a thriving and dynamic firm specialising in high-net-worth multi-jurisdictional matters. You will have full breadth expertise in all aspects of family law and divorce, including ancillary relief proceedings, private children matters including international children cases, pre/post-nuptial agreements, FLA Act, TOLATA and cohabitation rights. You should be used to dealing with high-net-worth individuals, cases of financial complexity and managing broad caseloads with the ability to work as part of team or autonomously. You will have sound experience of business and firm development, managing and training junior lawyers and client acquisition. You will be given a fantastic career opportunity to work with extremely well-regarded family lawyers on complex and international cases, with a dynamic support team assisting. The firm is well-known in the industry for its focus on work-life balance, working from home 2 days a week, and developing staff at all levels. Salary: £80,000 + Bonus & generous benefits including full equity stake

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