Location: SOMERSET – 918

Headline Points

General Overview:

• Well established law firm.
• Main areas of expertise are Residential Conveyancing; Wills, Trust, Probate and Estate Administration, Family/Matrimonial and Litigation.

Financial Overview (Indicative Summary)

• Year End is 31 March.
• Fee income for the Year Ended 31 March 2026, c £2,377,000.
• Work-in-Progress (WIP): circa £730,000.
• The law practice operates on a positive cashflow basis.

Payment and Settlement

• The law practice will transfer on a successor practice basis.

Professional Indemnity Insurance

• Professional Indemnity Insurance is in place for the period 1 April 2026 to 31 March 2027.
• There are no disciplinary findings, sanctions, or open SRA investigations.

Operations & Compliance

• Work mix – circa figures:
• 48% Property – residential
• 1% Property – commercial
• 30% Wills, Trust, Probate, Estate Administration and Tax Planning
• 8% Family / Matrimonial
• 6% Personal Injury
• 5% Litigation
• 1% Children
• 1% Miscellaneous

Proposed Terms – Sale / Transfer etc to Successor Practice

• Offer invited for the sale of the business.
• Consultancy available for exiting Partners:  Terms and duration to be agreed.