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A Specialist Solicitors Practice For Sale

UK
Asking Price:
Undisclosed
Turnover:
£1,800,000
Net Profit:
£928,000

Specialises in residential and commercial conveyancing, wills and probate, tax, and private client work.
Assists clients in moving house, acquiring property and will writing, as well as providing essential advice to executors of estates of deceased persons.

Key Aspects

• c.1,200 clients active within the last 12 months.
• At the company's core, the team aims to provide an efficient, personalised experience for clients at a reasonable price.
• Has held Lexcel and Conveyancing Quality Scheme accreditations since 2013.
• No client accounts for more than 1% of turnover, illustrating the scope of the company's client base, mitigating the risk of overreliance.
• Two shareholders are remaining with the company post-sale, ensuring a seamless transition.

Opportunities

• Scope to expand current operations into additional subject areas, such as family law, employment law, litigation law and financial services in order to increase its client base.
• Opportunity to implement active marketing strategies to increase brand awareness and client engagement.
• Potential to introduce additional office locations to become established in new regions, and increase capacity and access a wider client base.
• Scope for a synergistic acquirer to absorb a specialist law firm based within Central and South-East England to develop new services, regions and clients.

Potential Purchasers

• Companies providing solicitor services for commercial or personal clients.
• Potential to expand into family law and financial law.
• Opportunity for contrasting firm to acquire as bolt-on.
• Private equity houses and venture capitalists in the above sectors.