Essex – Sale of Wills Bank

Circa 1,300 Wills for sale.  Offers invited.

Warwickshire

Quick sale!

Sale of Goodwill, Furniture, Fixtures, Fittings, Equipment and Library – £1.00.  Work-In-Progress is in the order of £20,000 – £25,000.

Excellent opportunity to acquire a long established and highly regarded specialist practice dealing exclusively with Divorce, Financial Remedy and Children issues.  All work is privately paid.

The firm is listed in the Legal 500.

Gross Income £300,000+.  Excellent profit ratio.  Work-In-Progress in the order of £20,000 – £25,000.

There are no professional negligence claims against the practice, nor are there any notifications made by the practice to its indemnity insurers.  Low professional indemnity insurance premium.

Office premises are held on lease – lease expires 24^th December 2024.  Break clause option – tenant only, if exercised by giving 6-months notice in June 2020.

Post sale/transfer of the business, one of the existing partners is willing to remain as a Consultant for upto 2-years; the second partner will retire from the practice.

East London

Long established and reputable law practice available for sale.  Prime location.

Integrity is at the forefront of its trading ethos.  The practice boasts an excellent Professional Indemnity record and this is demonstrated by the low PI premium payable.

Emphasis of work in the practice:

• 21% – Residential Conveyancing
• 16% – Personal Injury
• 15% – Commercial Conveyancing
• 13% – Wills, Trust, Probate & LPA’s
• 11% – Criminal Law

Fee Income £3,000,000.  High Profit percentage achieved.

Healthy Work-In-Progress.

Outgoing partners will provide Consultancy post sale.

Too good an opportunity to miss.  Early inspection recommended.

Central London

We are delighted to offer this highly successful law practice for sale.  The practice in question can be best described as high profile.

Year End 30^th April.

• Gross Income c £2,600,000.
• Good Profits.
• Work-In-Progress c £350,000.

Perhaps best known for its success in high profile Criminal and Civil cases and is also highly regarded in other work areas.  The partners and fee earners are highly ranked in their specialist fields.

Emphasis of work types:

• c 32% Criminal Law – of which c 23% is Legally Aided
• c 31% Litigation
• c 17% Matrimonial

Consultancy available post sale.

Too good an opportunity to miss out on!

Central London

We are proud to offer for sale this profitable law practice situated in Central London.

Gross Income in excess of £500,000 and Net Profit in excess of £200,000.  The practice offers every opportunity for further growth.

Present work types constitute:

There are no Professional Negligence Claims against the practice, nor are there any Notifications made by the practice to its Professional Indemnity Insurers.

Practice available with or without office premises.

The practice is well managed by the partners with the assistance of a well selected and loyal staff force.

The office is fully staffed and well equipped.

Consultancy on sale to ensure a smooth handover.

The acquisition of this law practice to add to your portfolio will be an excellent addition.

North Staffordshire

The Partners of this law practice own the freehold of their office premises.  Valued at £270,000.  As an incentive to the buyer to acquire the law practice and freehold of the office premises simultaneously, the Partners would accept a global figure of £225,000.  The figure of £225,000 would include the freehold of the office premises, the law practice together with the work-in-progress.  Work-In-Progress c £120,000.00; i.e: work done but unbilled.

• The acquirer of this business to be the Successor practice/company.
• The acquirer of this practice will be required to take-over the unexpired part of all on-going agreements relating to on-going payments for software licenses, equipment, furniture, fixtures, fittings and library from the date of transfer of the business.  The office is fully furnished.
• Consultancy post transfer of the practice:
• Partner, Ref: A requires consultancy post sale/transfer of the practice, working on a part-time basis. Post Completion of the transaction, would ideally work 3-days per week for up to 5-years.  Remuneration to be negotiated.
• Partner, Ref: B requires consultancy post sale/transfer of the practice, working on a full-time basis. Post Completion of the transaction, would ideally work for up to 5-years.  Remuneration sought 25% of personal paid profit costs.

Other brief details relating to the law practice to be acquired appear below.

• Financial Year End, 31^st March.
• Gross Income as at 31^st March 2018, £606,910.
• Professional Indemnity Insurance for the period 1^st October 2018 to 30^th September 2019 is £29,456.00 including IPT.

Breakdown of work types in the company:

*Low Risk work constitutes: – Private and Legally Aided Child Care work; and Mental Health work – Legally Aided.

North Staffordshire

This successful and well established firm offers a wide range of work – all privately paid to include:

Financial Year End: 31^st March.

Gross Income £710,000+.  Attractive Net Profit Ratio.

Work-In-Progress c £75,000 – £100,000.

Consultancy available.

Premises available for sale.  Alternatively, a lease will be granted.

Excellent opportunity!

West London

Situated in a leafy and affluent area of West London.  This is a wonderful opportunity to acquire a long established and successful general practice with carefully controlled overheads offering a generous net profit.

Gross Income for the last financial Year: £695,000+.  Leasehold premises.

Work type:

There are No Notifications made to Professional Indemnity Insurers nor are there any Claims against the practice.

Consultancy offered to assist with the transfer of the business working on a full-time basis.

Buckinghamshire

Acquisition/Bolt-on opportunity – Goodwill premium £1.00.  Sale and Payment of Work-In-Progress is in addition.

The acquirer of this business to be the Successor practice.

Emphasis of work in this firm is as follows:

1. Residential Conveyancing                                                                            c 64%
2. Commercial Conveyancing                                                                          c 20%
3. Wills, Trust, Probate, Estate Administration and Tax Planning         c   8%

There are c 1,300 live files held in the firm.

There are no professional negligence claims or reported circumstances against the firm.

Gross Income for the Year Ended 28^th February 2019 was £840,000.00+.

Estimated Work-In-Progress is in the order of £200,000.00.

Consultancy offered on transfer of the business working on a part-time basis.

Freehold premises available for sale or alternatively a lease for the office premises will be granted.

This going-concern presents an attractive bolt-on / take-over etc opportunity – there is potential for growth.

Middlesex

We are proud to offer for sale this two-partner profitable law practice situated in the county of Middlesex.

Gross Income in excess of £1,100,000 and Net Profit in excess of £300,000.  The practice offers every opportunity for further growth.

Present work types constitute:

• Residential Conveyancing
• Commercial Conveyancing
• Wills, Trust & Probate – non contentious
• Landlord & Tenant
• Matrimonial
• Litigation
• Employment
• and
• Insolvency.

Desirable and modern freehold premises.  Partners wish to sell the freehold of the office premises within 12-months of sale of law practice.  Value of freehold premises, £1.3M.

If the acquirer of this law practice does not purchase the freehold of the office premises when acquiring this law practice, a short term full repairing and insuring lease will be granted – terms to be negotiated.

An option to purchase the freehold premises will be given to the acquirer of this law practice.  If this option is not exercised within 6-months of sale of law practice, the partners reserve their rights to sell their office premises on the open market.

The practice is well managed by the partners with the assistance of a well selected and loyal staff force.

The office is fully staffed and well equipped.

The partners offers consultancy to ensure a smooth handover.

The acquisition of this practice to add to your portfolio of practices will be an excellent addition.

Oxfordshire

Serious Offers Invited for the sale of Goodwill to include Furniture, Fixtures, Fittings, Equipment and Library.  Work-In-Progress is in addition and payment of same is on an “as and when” basis.

 Well run law practice situated in the county of Oxfordshire.  The practice is set in delightful surroundings in the heart of busy town.

Post sale/transfer of the business, the vendor would be willing to grant an internal repairing lease on flexible terms or consider selling his interest in the property.

Practice undertakes a variety of work – all privately paid and including:

Gross Income per latest Year End Account, c £400,000.  Highly profitable!

Tyne & Wear

No upfront premium!

Excellent opportunity to acquire Work-In-Progress files.  Payment on an “as and when??? basis.  The acquirer of the Work-in-Progress files would be the Successor in terms of Professional Indemnity Insurance.

Analysis on Income obtained from Professional Indemnity Insurance Proposal form:

Consultancy by the vendor on a short terms basis is available.

Premises, Staff, Leasing, Licences, Software and Hardware are also available if required.

The vendor will deal with all matters regarding the winding-up of the company.

Excellent opportunity!

Central London

No Premium Payable for Goodwill.

We are proud to offer a profitable law practice situated in Central London available for take-over / bolt-on.

This is a two partner practice although one of the partners will retire on transfer of the business. There are no support staff in the practice.

Gross Income is in the order of £240,000 with good Net Profit ratio. The practice offers opportunity for growth.

Emphasis of work:
• 45% Commercial Conveyancing
• 41% Residential Conveyancing.

There are No Notifications made to Professional Indemnity Insurers nor are there any Claims against the practice.

Practice situated in a multi-tenanted building. Break clause option available.

Long term consultancy required. Remuneration based on percentage of personal paid profit costs.

An excellent opportunity!

Norfolk

Long established and well run sole practitioner’s law practice situated in the county of Norfolk.  The practice undertakes a variety of work – all privately paid and to include:

• Residential Conveyancing

• Commercial Conveyancing

• Wills, Trust, Probate and LPA’s

• Matrimonial

  and

• Landlord & Tenant.

Gross Income c £300,000.  Profitable.

No Professional Negligence Claims against the practice.

Leasehold premises.

Fully staffed.

Consultancy offered to assist with the transfer of the business.

Would suit expanding practice or an ambitious solicitor wishing to set up on his / her own.

Middlesex

Impending retirement brings about sale of this successful general practice where all work is privately paid for.

The practice situated on the ground floor in an affluent town centre close to other amenities.

Gross Income c £410,000 with Profit Percentage c 50%.  Well controlled overheads.

Clean Professional Indemnity Insurance Claims Record.

Leasehold premises.

Golden opportunity to expand on this practice enjoying an excellent reputation.

Consultancy offered post sale of practice.

Middlesex

Quick Sale!

Poor health brings about the sale of this successful law practice based in an affluent town of Middlesex.

Work includes:

• Residential and Commercial Conveyancing
• Wills, Trust, Probate and LPA’s
• Matrimonial.

Financial Year End: 31^st August.

2016 Gross Income c £375,000.  Net Profit £135,000+.

Work-In-Progress c £125,000.

Low Professional Indemnity Insurance premium.  No Negligence Claims against the practice.

Premises available if required.

Excellent opportunity!

Hampshire

This is a highly successful two-partner law practice established more than 200-years ago and offering a range of all privately paid work:

• Conveyancing – residential and commercial
• Wills, Trust, Probate and LPA’s
• Commercial work.

Turnover c £750,000+ with excellent profits.

Work-In-Progress c £150,000.

No Professional Negligence Claims against the practice, nor are there any Notifications made by the partners to their Insurers.

With or without office premises.

Loyal staff-force.

Partners require consultancy post sale thus offering continuity and suitable transition.

A superb opportunity not to be missed!

London

Property Sales and Litigation Solicitor – looking for a new “working home???

No premium Required.

Solicitor resides in Middlesex.

An experienced solicitor servicing his own clients to include one large FTSE client amongst many others.

Work constitutes:

• General Litigation
• Property work – Sales
• General possession claims
• etc

Fee Income solely generated is in the order of £350,000.  Proof of Gross Fees available.

No secretarial support required.

Do you have a room available to accommodate this senior solicitor?

My firm’s fee to be paid by the acquiring practice.

London & Multiple Offices

We are privileged to offer this highly successful law practice for sale.  The practice in question can be best described as one with multiple offices and enjoying a high profile.

Year End 31^st March.

• 2016: Gross Income c £4,000,000.
• Good Profits.
• Work-In-Progress c £1,200,000.

Perhaps best known for its success in high profile litigation, the firm is also highly regarded in other work areas.  The practice is able to provide support and expertise in most areas of business and private life.  The partners and fee earners are highly ranked in their specialist fields and have won a number of awards and above all are committed to prioritising the needs of the clients.

Emphasis of work types:

• 25% Criminal Law – of which c 30% is Legally Aided
• 25% Other low risk work – Child Care Cases.  All Legally Aided
• 17% Wills, Trust & Probate: non-contentious
• 11% Matrimonial – of which c 70% is Legally Aided
• 10% Litigation and arbitration.

Remaining work comprises: Defendant litigious work for insurers, Residential and Commercial Conveyancing, Landlord and Tenant and Personal Injury – Claimant.

Consultancy available post sale.

An opportunity not to be missed!

Anglesey, North Wales

An excellent opportunity to acquire a Personal Injury – Claimant Only Practice where no client files are purchased.  Practice is situated in the town centre close to car parking.  Practice going since early 1980s.  Clean Professional Indemnity Insurance Record.

Turnover just shy of £200,000 with Profit Percentage c 41%

Every opportunity to extend work types into other areas of law.

Leasehold or Freehold available.

Consultancy offered.

Attractive WIP percentage.

Retirement brings about this Sale!

Hert

An opportunity to acquire a successful, long established Licensed Conveyancers practice with or without office premises. Practice occupies prime position with captive client base. Practice is fully staffed with capable personnel. The success of the practice enables it to operate with a positive cashflow.

Fees received exceed £260,000. Good profits.

Excellent opportunity!

Hertfordshire

An opportunity to acquire a successful, long established Licensed Conveyancers practice with or without office premises. Practice occupies prime position with captive client base. Practice is fully staffed with capable personnel. The success of the practice enables it to operate with a positive cashflow.

Fees received exceed £260,000. Good profits.

Excellent opportunity!

Hampshire

We are proud to offer for sale a profitable High Street practice situated in a large town and occupying ground, first and second floors.

The practice is managed by the sole equity partner with the assistance of a well selected and loyal staff force.

Gross Income is in the order of £430,000+ and Net Profit in excess of £185,000. The practice offers every opportunity for further growth.

The office is fully staffed and well equipped.

A new lease for the office premises forms part of the transaction – terms to be negotiated. Alternatively, the office premises freehold may be purchased at current market value.

The sole equity partner offers consultancy for up to one year to ensure a smooth handover.

If you have the courage of your convictions, this is an opportunity too good to overlook.

Bristol

Profitable high street practice available.

Gross Income £390,000+

With or without office premises.

With or without consultancy.

Easy to manage.

Would suit existing firm or offers a start-up opportunity.

No premium required.

Lincolnshire

This is a successful two-office law practice.  Long established.  Offers a range of all privately paid work:

• Conveyancing – residential and commercial
• Wills, Trust, Probate and LPA’s
• Matrimonial work.

Gross Income c £300,000+ with good profits.

Loyal staff-force.

Partners offer consultancy post sale/business transfer to ensure continuity.

Serious Offers are invited. Your Offer should include the sale of Goodwill, Furniture, Fixtures, Fittings, Equipment and Library. The formula for the sale and payment of Work-In-Progress will be provided on receipt of your positive response which will merit complying with a Confidentiality Agreement before the release of any further information.

An opportunity not to be missed!

Hampshire

If you like working close to the Coast in Hampshire, here is a golden opportunity to acquire a long established and successful practice with carefully controlled overheads and a generous and regular profit.

Fee Income in the last three years ranged from c £572,000 in 2013 to c £938,000, yielding a very acceptable Net Profit. Leasehold premises.

Work type:

• Residential and Commercial Conveyancing 86%
• Other work types – Matrimonial, Wills, Trust and Probate and other low risk work.

Practice situated close to major residential and commercial development. Practice is fully staffed. Attractive payment terms available.

Excellent opportunity!

Southern Oxfordshire

No premium required! Quick take-over sought!

This long established and well regarded practice operates from an idyllic town in Oxfordshire.

c 51% Property related work. c 33% Wills, Probate and Estate Administration work.

Gross Income £225,500.00+.

Practice is fully staffed.  Out-going principal offers consultancy.

With or without office premises.

SW London

A golden opportunity to acquire a successful general practice. No Legal Aid. Emphasis on Property work to include Commercial property.

Gross Income c £200,000 with Net Profit 30%+.

Low and well controlled overheads. Consultancy required as this will ensure smooth hand-over of clients.

Good bank of Wills.

With or without office premises.

Kent – Seaside

An opportunity to acquire a long established Non-Contentious law practice.

Gross Income c £109,000. Well controlled and low overheads. Practice trades on a positive cash-flow. Clean Indemnity Insurance record – No Claims. Low annual Professional Indemnity Insurance premium.

CQS accreditation in 2012.

Freehold of premises available for sale.

Consultancy required by the vendor.

Would suit sole practitioner seeking first acquisition or existing practice wishing to bolt-on this successful practice.

Cambridgeshire

3-partner, Non Contentious, general long-established law practice available for sale with or without premises. Partners would consider sale of freehold. Car parking facilities for upto 7-vehicles. Consultancy post sale available by 1 or 2 partners.

Probate and estate administration c 32% and conveyancing both commercial and residential c 38%.

Existing partners enjoy c 30% of Net Profit over Fee Income of  c £410,000.

All equipment unencumbered. Clear record relating to Professional Negligence Claims.

Superb opportunities to expand into litigious work with an established bank of loyal clients.

East London

General work, 2 partners long established practice with leased premises for sale in consideration of the partners preparing for retirement. Mixed workload includes Conveyancing, Matrimonial, Landlord & Tenant, Personal Injury – Claimant only and other general work. Work is both privately funded and legally aided.

Conveyancing Quality Scheme and Specialist Quality Mark Accreditation. On a recent visit, the reviewer mentioned “… report is extremely positive??? and … “that the files were well set out, easy to follow and progressed quickly. It was clear that your procedures were being followed on every file which is excellent.??? Gross Income in the order in the order £520,000 with Net Profit c 20%. Outgoing partners offer post Sale Consultancy to ensure smooth handover.

Berkshire

Superb billing

We are privileged to offer for sale a highly profitable practice with a Non-Contentious workload generating profit in excess of 50%.  Gross Income c £740,000.

Analysis of fees by work type for 2014/2015 – obtained from professional indemnity insurance proposal form:

55%  Residential Conveyancing

5%  Commercial Conveyancing

19%  Wills, Trusts, Probate

10%  Matrimonial

4%  Other low risk work

3%  Commercial work

2%  Employment

1%  Landlord & Tenant

1%  Litigation

All work is privately paid for.

The senior partner’s service is integral to the sale of the practice.  Leasehold premises available together with offer to acquire the freehold.

Gloucestershire

This is a successful practice established more than 35-years ago and offering a wide range of all privately paid work to include:

•    Personal Injury
•    Conveyancing
•    Private Client and other work types.

Good husbandry has enabled the practice to achieve turnover in excess of £2Million with a highly desirable ratio of Net Profit.

The practice is served by a loyal staff-force and partners who will remain with the practice for limited times post sale to ensure continuity.

This acquisition can be completed with or without the office premises.

Serious Offers are invited from principals/partners who consider themselves to be successful at running their present practices.  Your Offer should include the sale of Goodwill, Furniture, Fixtures, Fittings, Equipment and Library.  Written Down Value of Furniture, Fixtures, Fittings, Equipment and Library per the latest Year End Accounts was £48,370.  The sale and payment of Work-In-Progress will be provided on receipt of your positive response which will merit complying with a Confidentiality Agreement before the release of any further information.

Merseyside

Prime location, Personal Injury Claimant Law Practice for sale.

Integrity is at the forefront of its trading ethos.  The practice boasts an unblemished trading and Professional Indemnity record and this is demonstrated by the low PI premium payable.

All work is dealt with on a CFA basis.  Disbursements are funded through the practice.  The practice trades with a positive cash flow.

Premises on lease with option to purchase or sale of freehold on Completion.  Alternatively, practice is available without office premises.

Turnover over the last three years range from c £380,000 to c £515,000.  High Profit percentage achieved.

Healthy Work-In-Progress.

Outgoing partners will provide restrictive covenants not to practise in competition to the Successor.

Too good an opportunity to miss.  Early inspection recommended.

Oxfordshire

An exciting opportunity arises out of the acquisition of this Family work-type practice.  All privately paid work.  Practice revenue in the order of £200,000.00.  Attractive profits to be enjoyed.  Low and well controlled overheads.

If you relish the concept of rural living and an enjoyable lifestyle, this is an opportunity not to be missed.  Practice acquisition includes leased premises.

Practice can be acquired with or without consultancy.

Early interest is recommended.

Buckinghamshire

This sole practitioner undertakes general high street non contentious legal work – Wills, Trust & Probate, Property, Family, and Employment.

The practice has a long history, founded in the 18th century.  It has operated from its present address since 1826 – there is no mistaking its longevity!

The principal is looking to dispose of his practice with a view to retirement hence the reason for business transfer/takeover/bolt-on.

• This extremely attractive opportunity can be summarised as follows:
• Long established, very reputable and trusted law practice
• No premium payable for goodwill
• No commitment to the existing premises
• No staff transferring to the successor practice under TUPE regulations
• Consultancy for the principal – remuneration based on 20% of Paid Profit Costs
• The principal will provide restrictive covenants not to practise in opposition to the successor firm
•  As the principal deals with his own typing, no support staff will be needed for him.
  The breakdown of the practice’s work type is as follows:
  48.71%  Wills, Trust & Probate

34.07%  Residential conveyancing

7.12%   Matrimonial

3.19%  Litigation & arbitration (other)

3.14%   Other non-litigious

2.25%   Employment

1.07%   Personal injury

0.45%   Landlord & tenant

100.00%

Fees for 2014: c £140,000.

West Sussex

Tyne & Wear

Long established – prime location – freehold premises available for sale – profitable – easy to manage.

The founders of the firm have long since retired.  Today, the practice operates as a partnership.  The practice is long established.  The practice enjoys a prime location.  The freehold premises is available for sale together with the practice.  However, if an acquirer chooses not to purchase the freehold premises, a lease will be granted on terms to be negotiated.

The outgoing partners are looking to their future and thinking about retirement.  On transfer of ownership of the practice, the partners will provide consultancy to ensure a smooth transition of clientele – if this is required by the buyer.  Post consultancy, the partners will provide restrictive covenants not to practise in opposition to their former practice; the partners have no objection to the name transferring to the acquirer in part or whole after acquisition.

The practice offers individuals and business clients a high quality wide range of legal services with emphasis on Criminal, Residential Property and Matrimonial work.  A breakdown of the work below has been obtained from information provided for purposes of Professional Indemnity Insurance:

The practice has a Criminal Law Legal Aid Franchise and is accredited by the Legal Service Commission (LSC) with a Specialist Quality Mark in the area of Crime.

Acquisition of this law practice presents a fantastic prospect for an ambitious individual or group of individuals to acquire a well regarded firm which has built its reputation on providing a full range of legal services to the people of Tyne & Wear.

Bristol

This practice was founded in the 1980s. Since inception the practice has operated from the same address. The practice functions from Grade II listed leasehold premises north of the city of Bristol situated on a main road of a market town. Well located, this firm is an easy to manage practice with well controlled overheads and good profits. The principal is approaching retirement age. He wishes to relinquish the responsibility of running a law practice. He will provide consultancy, if required, by the successor on terms to be negotiated. He will also provide restrictive covenants not to practise in opposition to the successor of his practice and has no problem with the current name of the practice being used by the successor. The emphasis of work is Residential Conveyancing and Family/Matrimonial. Gross Income £228,500.00 with good profits!

Essex

Excellent Opportunity!!! Located in a commuter belt of Essex, this practice provides a range of general legal services with bias towards Residential and Commercial Property work, Trust and Probate and privately funded Matrimonial work. The practice is well established, highly respected and successful. It is situated in the heart of a vibrant community with an exciting regenerative future. Gross Income £500K+. Freehold premises available. Consultancy offered. Ample opportunities for development and further growth with an abundance of goodwill to be enjoyed. Not to be missed!

Lincolnshire

APIL Accredited

Long established, highly regarded practice.

The firm is recognised as a successful Personal Injury practice and in addition undertakes a mixed bag of legal genres:  Claimant PI work represents c 48% of the practice’s work; Commercial and Residential Conveyancing – c 20%.  The practice is custodian to c 3,000 Wills.  The practice has a Family Law Franchise.

Fees in excess of £1.5 Million.

Freehold premises available for sale.

Consultancy available if required.

EXCELLENT OPPORTUNITY!

Hampshire

This easy to manage law practice can trace its roots back to 1981 – the practice is a successor to the former branch office of another local firm.  The practice has traded from its premises since May 2005 when the principal acquired the freehold property.  The practice is for sale with or without the office premises; the principal is prepared to consider sale of the freehold building at market value.

If a lease is required by the successor party, a fair market rental for the premises is:

• c £6,000.00 per annum – ground floor

• c £4,000.00 per annum – first floor

(a Full Repairing Lease will be granted on terms to be negotiated)

The practice specializes in Residential Conveyancing and Wills & Probate work.

The split of work is broadly as follows:

The practice has secured membership to the Law Society’s Conveyancing Quality Scheme.

•  Gross Income – 2012 Year End Accounts were in excess of £100,000.00

• Work-In-Progress – in the order of £20,000.00.

The principal reaches retirement age in March 2013 and therefore sees it an ideal time to bow out of managing his practice.  Consultancy is offered to the acquirer – but this is not a requirement of any deal.  However, should the successor wish to retain the services of the outgoing principal, terms for consultancy will be agreed at the appropriate time.  It goes without saying that the principal will provide restrictive covenants not to practise in opposition to the successor firm.  The principal has no objection to the firm’s name transferring to the successor. This is a great opportunity to acquire an established, easy to manage law firm which enjoys a good reputation.  There is scope for growth and expansion.

South Glamorgan

We are exclusively instructed to offer the opportunity of take-over of this established non contentious South Glamorgan based law practice.

• Gross Income for Year Ended 31st October 2013 – c £91,000.
• Profitable and easy to manage.
• Estimated Work-In-Progress – £15,000.
• No professional negligence claims or notifications against this practice.
• Total annual premium including IPT £6,645.
• The acquirer of this business will be required to be the Successor practice.

The practice provides the following legal services:

1. Residential Conveyancing – c 17%
2. Commercial Conveyancing – c 4%
3. Probate & estate management – c 69%
4. Wills, Trust & Tax Planning – c 10%

This practice maybe transferred to an existing practice wishing to take-over/bolt-on an established and reputable firm.  It could also be an attractive proposition to an energetic individual or group of individuals seeking a start-up.

One staff member will transfer to the employ of the new owners under TUPE Regulations.  The principal offers consultancy on transfer of the business to the Successor.

This is an opportunity and an attractive proposition.  The practice is easy to manage.

The practice is available with or without premises.

Gloucestershire

Long established and highly respected practice commenced in 1975, available for early acquisition due to demise of principal.

What is on Offer?

• Office premises with Break Clause in October 2013.  Lease to October 2018.  Present Rental £6,000.00 per annum.  Lease optional
• A solid client base
• Type of work:

Residential Conveyancing 70%

Commercial Conveyancing 5%

Wills, Trust and Probate 25%

• Present estimate of Live files / Work-In-Progress 90 of which 77 relate to Property and 13 files relate to Probate work
• c 1,900 Wills in storage
• 2 long-standing members of support staff – both well-known by clients and the local community
• Fully equipped offices
• Professional Indemnity Insurance – Clean record, i.e. No present Claims or Circumstances
• Present Professional Indemnity Insurance premium £23,381.00 including IPT
• Gross Income 1st May 2011 to 13th March 2012 (date of death of principal) c £191,600.00
• Gross Income – Year Ended 30th April 2011 c £223,600.00

This is an excellent opportunity for someone wishing to acquire their own practice or for that matter firms seeking to expand in the region. The successor will benefit from the Goodwill and superb reputation enjoyed by the practice which is based in prime location, situated at the heart of an attractive and well-heeled Cotswold town. Easy access to M4 / M5 and Bristol.

The late principal’s efficient and “hands-on” approach and reputation for outstanding client service has resulted in a loyal client base in the surrounding region.

EARLY INSPECTION & OFFERS SOUGHT

South Cotswolds, Gloucestershire

Long established two partner practice located in a market town with fine heritage and inimitable charm.  The town is easily accessible to the motorist and within striking distance of Gloucester and c 40 miles from Bristol airport.

This is a well managed general practice with a good spread of work types.  Gross Income c £390,000.  There is enormous scope to develop both the private and commercial sides of the practice.

The practice is highly reputable with a client catchment area concentrated to the Gloucestershire area.  The practice is technology conscious and has invested heavily in this area so a professional, efficient and cost-effective service is given to clients.  The practice website is detailed and thorough.

If you are an individual, or part of a group of individuals, looking to acquire an established Gloucestershire practice, this will be a fabulous opportunity.  Alternatively, the practice would be of interest to existing Gloucestershire based organisations looking to expand, or from practices hoping to gain a foothold in Gloucestershire.

Partners will offer consultancy for seamless transition of clientele.  The practice is available with or without premises – freehold or lease available.

Middlesex

Personal Injury  – Claimant Only!

Work-in-Progress files in excess of £1M available for sale.

Alternatively, fully staffed offices available.

With or without premises.

West Lancashire

Excellent opportunity to acquire a thriving general practice.

Varied and equal spread of caseloads – No Legal Services Commission work.  This easy to manage practice boasts a fee income of £650,000 with well balanced profits.  The practice is fully staffed and the out-going partners offer themselves as consultants until their retirement on flexible terms to be negotiated.

Freehold premises available for sale, alternatively, a lease will be granted.

South West London

No premium payable for Goodwill!

We are pleased to have been retained by this two partner “high street” general practice.  The practice has been established for over 120 years and has operated from its present premises since 2001.  The practice is based in South West London in an area which has undergone considerable gentrification in recent years.  This area of London is desirable and regarded as a trendy place to live; it is within easy commuting distance of the City whilst enjoying good rail links to Heathrow, Gatwick and the South of England.

The approximate breakdown of work type is as follows:

1. Wills & Probate                    40%
2. Residential Conveyancing   40%
3. Commercial Conveyancing  15%
4. Other                                    5%

Gross Income c £230,000.00.  Profitable.  WIP is in the order of £30K-£40K.

One of the partners avails himself as consultant on terms to be negotiated; the other partner is flexible with regards consultancy, which if taken on, would be on a short-term contract.  Both partners will agree to covenant not to practise in opposition to the successor firm.  The successor to this firm will benefit from the existing goodwill of the practice as well as the vibrancy and affluence of the neighbourhood.

Early viewing recommended!

Gloucestershire

No Premium Payable for Goodwill!

This practice was established in 1919 and has operated from it present office premises since 2001.

Over the years, various constitutional changes have taken place but the practice has always remained true to its original philosophy of good governance and sound regulatory compliance.  Trading under the leadership of 3 partners (2 x equity, 1 x salaried), the practice provides a full range of private/commercial legal services to individuals and business throughout Gloucestershire and the surrounding areas.

Core areas of practice are:
• Wills, Tax, Probate & Trusts
• Conveyancing – residential and commercial
• Commercial
• Dispute resolution, to include commercial disputes
• Accident & injury claims
• Family.

No work is publicly funded.

The law practice is located in a multi-tenanted building with lift, and is situated in a prominent position on a main thoroughfare close to the M5 – with car parking.  The premises are held on a lease Full Repairing & Insuring Lease.  The premises must form part of the take-over/bolt-on of this practice until at least the end of the lease – 24th December 2014.

Fees c £450,000.  Profitable.

The partners feel they have taken this practice as far as they can in terms of its size and development and they now wish to bow out of the management and decision-making.

One partner offers consultancy two days per week post take-over of practice, for a period of up to one year.  The other partner requires long term consultancy

Established and reputable law practice!

Berkshire

Take-over/Bolt-on Opportunity – NO PREMIUM PAYABLE FOR GOODWILL!

Gross Income c £500,000.00 – with good profits in excess of 28%.

This well respected practice can trace its history back 150-years.  The practice has operated from its current leasehold premises since the 1970s.  There are two partners in the practice.
Work type is primarily Conveyancing, Probate, Estate Administration work and Criminal.  Generous monthly payments from the Legal Services Commission.

PI premium c5% of Gross Income.
The partners feel they have taken the practice as far as they can in terms of its development.  They seek an established and expanding firm to absorb this operation.  Alternatively, this practice would suit a group of individuals/energetic individual looking for a fresh challenge.
Post take-over/bolt-on of practice, the outgoing partners require consultancy in the new business entity thus ensuring continuity and further growth.
The firm’s principle clients and target audience are private individuals who either work or live in the town and the surrounding areas in which the practice is located.  The majority of clients are those who have used the firm in the past or have had friends/family who have instructed the firm previously.  The practice has also enjoyed clients who simply know the firm because of its longevity and good reputation.

Leased premises, offering ample car parking for management, staff and clients.

Scope for growth in unfathomed areas.

Cleveland

Bolt-on opportunity – No Premium Payable for Goodwill

The practice started in the mid-1990’s.  The firm has two offices – both leases are presently holding over.

The breakdown of work in the firm is as follows:

1. Criminal / Prison Law          50%
2. Matrimonial / Children law  35%
3. Landlord & Tenant             14%
4. Other work                           1%

On average, this firm opens c 45 new case files per month.  There are c 500-600 live files held in the firm.  The split of caseloads between the two offices is even.

There are no professional negligence claims or reported circumstances against the firm as per the latest Claims Summary and this is reflected in its low premiums.

Gross Income in the Year Ended 31st January 2011 was c £230,000.00.

Estimated Work-In-Progress is in the order of £60,000.00 – £70,000.00.

Consultancy required on transfer of the firm.

This is a young, friendly and approachable firm situated in the county of Cleveland.  This going-concern presents an attractive bolt-on / take-over etc opportunity – there is potential for growth.

SW Surrey

Easy to manage with good profits!

Long established. This practice is situated in an affluent and easily accessible village in SW Surrey.

The bias of work is on Residential Conveyancing, Probate and Estate Administration. Gross Income c £200,000 with healthy profit ratio. Affluent clientele and a nationwide client base.

The practice boasts an excellent reputation and prides itself on its friendly, efficient and traditional approach.

The principal feels he has developed his law practice as far as he can and would like to retire although he offers himself as Consultant to ensure a smooth transition of goodwill. It is now time for the principal to hand over the reins to an individual or firm of solicitors who can inject fresh energy into the practice and capitalise on its existing goodwill.

Excellent opportunity!

East Anglia

Opportunity to acquire a practice that turns work away!

The two partners of this long established practice with a loyal client base are looking to retire in the next one-two years.

Good quality spread of work, even distribution of Probate, Wills & Trust, Conveyancing and Commercial work. Legal Services Commission franchise work currently being phased out. Gross Income c £500,000 and net profits are in excess of £200,000.

Conveniently located on the main thoroughfare of the town, this practice attracts passing trade in addition to its loyal following. The offices are spacious and smart and a new lease will be granted to the successor. There will be the opportunity to acquire the freehold premises in due course.

North Kent

Fabulous Opportunity!

Gross Income £1Million+. Good profits.

With roots dating back to the 1840s, this practice is strategically located in a conservation area close to the town centre and railway station.

The freehold premises are owned by two of the present partners. A lease will be granted on sale of practice. The premises comprise four fully interconnecting buildings with a purpose built strongroom in one of the four basements. The office accommodation provides a combination of 26-private rooms.

The three partners of the of the practice enjoy a high profile within the legal circles of Kent. All three partners offer themselves as consultants post sale of the practice. In addition there are 6-other fee earners and 24-full and part-time support staff.

The practice is franchised in Criminal, Personal Injury, Family & Mental Health work. The practice also undertakes Property work, Trust, Probate & Tax Planning and Matrimonial work. [The practice often turns work away – the successor practice will benefit with more fee earners].

Acquisition of this practice is not for the faint-hearted!

Middlesex

We are instructed to market for purposes of a sale or merger, this busy, well-respected general practice which has operated from its present address, since 1965. A new lease will be granted on sale/merger of this practice. The practice boasts a broad range of clients who are scattered throughout London and the South East.

Gross Income £970,000+ with good profits. Present WIP is in the order of £500,000+.

One partner avails himself in the role of consultant post sale/merger to ensure a seamless transition of clientele; the other partner will lend his name to the successor practice post sale as a non practising consultant [he will give covenants not practising as solicitor in opposition to the successor practice]. In addition to the two partners, are six fee earners and fifteen full/part-time support staff.

Don’t miss out on this unique and timely opportunity to acquire and grow this modern business.

West Midlands

One of the West Midlands’ leading Personal Injury firms!

The bias of work is Road Traffic and Clinical Negligence; c 99% of work is backed by Legal Expense Insurers.

The service offered by the partners is professional and approachable. The partners are regarded as experts in their respective fields and avail themselves for consultancy if required.

G.I. c £725,000.

Scope for development and expansion, especially for the technologically minded purchaser with connections and prudent management skills.

Fabulous opportunity!

East Yorkshire

PROFITS LIKE THESE AREN’T TO BE SNIFFED AT!!!

Successful and long established practice operating from two sites offering tremendous scope. The practice will suit a firm of solicitors seeking additional offices or to an individual/group of individuals with good practice management skills looking to acquire a thriving practice.

Gross income £775,000+; Profits in excess of £350,000.

The majority of work is property related – both domestic and commercial (65%); the practice also undertakes Wills & Probate, Litigation and Personal Injury.

The practice is fully staffed – 8 fee earners to include three partners who avail themselves as consultants on terms to be negotiated and some 15 support staff.

North Yorkshire

Whilst young in years, this is an excellent opportunity to acquire an APIL accredited Personal Injury practice with good profits.

Gross Income £250,000+.

Breakdown of work currently undertaken by the practice is as follows:

1. Accidents at Work 40%
2. Occupiers Liability 30%
3. RTA 15%
4. Misc 15%

The practice is set in delightful surroundings in the heart of busy town in newly decorated, modern and airy offices.

Accounts and files are in excellent order. The practice is easy to manage with enormous prospects for further development and growth to an enterprising buyer.

The principal is prepared to remain with the successor practice for a period of 6-12 months to ensure a smooth transition/settling in period. Terms for consultancy to be negotiated.

East Sussex

This practice is located in a delightful village in East Sussex. Property prices are relatively high and clients are generally well-to-do. The practice has seen year by year growth even during the recession and there is clear evidence of future potential. A site visit will be rewarding.

The practice is available with or without the office premises.

Gross Fees for the Year Ended 31st March 2010 was in the order of £133,000.00.

The split of work is as follows:

1. Residential Conveyancing 33%
2. Commercial Conveyancing 15%
3. Probate/LPA’s 47%
4. Wills 3%
5. Miscellaneous 2%

All work is privately paid.

This is an excellent opportunity to acquire a non-contentious practice with a bias towards probate and property work. The personal approach and attention to the needs of the clients has resulted in a loyal and growing client base.

The practice will suit an individual or a firm wishing to attain immediate growth.

Nottinghamshire

Long established Nottinghamshire firm offers scope for progress and development.

Analysis of work type obtained from Professional Indemnity Insurance proposal form:

• 4% – Commercial Conveyancing
• 60% – Residential conveyancing
• 2% – Landlord & Tenant – non litigious
• 20% – Trust & Probate
• 13% – Wills
• 6% – Other

Gross Income for the Year Ended 30th April 2010 – £150,000.00+. Profitable.

Consultancy available if required.

Excellent opportunity!

Central London

Central London bordering on the City.

Three partners firm with quality work to include Commercial Litigation, Commercial Property, Company and Commercial Work. Gross Income c £2M – with Excellent profits. High worth clientele to include institutions and plc’s. Partners avail themselves post sale/merger. Practice available with or without premises.

Hampshire

Scope for expansion and development!

This is a small, local law firm composed of an inspired and welcoming team. The firm provides an extensive service to its clients.

The practice has a bias towards Family work, Wills & Probate and Conveyancing. In addition to privately paid work, the practice is franchised in Family Law.

Gross Income for the Year Ended 31st March 2009 was in the order of £255,000.00 with good profits.

The firm will be of interest to either an individual or an existing firm seeking additional offices and keen to acquire an established, well-managed and well-balanced clientele.

The principal offers consultancy if required on terms to be negotiated to ensure a smooth transition of goodwill.

Merseyside

European Capital of Culture.

This long established, blossoming law practice is situated in the city’s cultural quarter. The sole practitioner wishes to slowly bow out of the legal profession with a view to emigrating to sunnier climates; he is seeking a worthy successor to his practice.

The practice is fully staffed. There is a small amount of Legal Services Commission work, quality litigation work and a variety of non contentious work. Gross Income c £500,000, good profits and scope for growth.

The practice will suit an all rounder who is not afraid of hard work to develop and expand this practice.

Cheshire / Greater Manchester

Profitable practice seeks Bolt-on!

Modern, approachable general high street practice operating from freehold premises in a popular and affluent market town. The principal will consider sale of freehold; alternatively a lease will be granted.

c 55% property related.

Gross Income £300,000+.

Practice is fully staffed.

The practice would offer scope for further development and expansion if it were to come under the umbrella of a larger practice. The principal avails himself as consultant on terms to be negotiated for a period of c 5 years.

Excellent opportunity!

Greater London Borders / Surrey

Practice with a history dating back some 15 years.

Over the years, this practice has undergone a series of mergers and demergers and now operates as a sole proprietor. This practice has traded from its current location on the Greater London Borders / Surrey since 2002.

The practice provides non contentious legal services to commercial and private clients, concentrating on property work, Wills and Probate. The practice is driven by the needs of its clients and focuses on being approachable and providing the highest quality service, using the latest technology.

The principal believes he has taken the practice as far as he can and at age 63 is seeking an exit for his retirement which he plans to spend living overseas. He avails himself as a full-time consultant for a maximum of six months to ensure a smooth change in ownership.

With a positive and progressive attitude towards technology in order to streamline work whilst maximising benefit to clients, this practice stands out from the traditional “paper heavy” law office.

With or without premises – work will travel a short distance.