As a prospective purchaser, how do I register with Law Mergers & Acquisitions?
We require all prospective purchasers to comply with the terms of a Confidentiality Undertaking. After we are in receipt of your signed Confidentiality Undertaking, we will send you an in-depth Practice Profile relating to the practice you have expressed interest in – law practice information (financial or otherwise) is highly sensitive.
What happens when there is a practice for sale in my area?
When a practice comes on to the market and it matches the requirements you have indicated, we will contact and advise you accordingly.
How do I get more information & make an Offer?
After your visit to the law practice, you will have a good understanding of the business and an impression of whether you will be suited to the practice and vice versa; you will also have outline financial information. If you are serious about pursuing the acquisition, you may at this stage request further documentation such as a copy lease if applicable, latest Claims Summary, copy Accounts etc.
If the information received to date is of sufficient interest and you wish to proceed, then you would be invited to make an Offer “Subject to Contract” which would be forwarded to the vendor for consideration.
What happens if the Vendor accepts my offer?
If the vendor accepts your Offer, the normal formalities will follow and the practice is taken off the market.
How much money can I borrow?
We can introduce lenders who are particularly interested in financing the purchase of law practices.
Part or all of the finance may be offered on an unsecured basis. Offers of finance are subject to status and the lenders’ terms.
What do Law Mergers & Acquisitions do whilst the sale progresses?
In all instances our partners liaise with the parties to ensure that you exchange contracts and complete the sale with the stress removed.
We are uniquely placed to iron out the problems and issues that arise during the purchase process.