Law Firm for Sale in North Yorkshire

We currently have a client law practice looking to seek potential opportunities for merger or acquisition.

The firm has been established for well over 100 years.

About the Law Firm

We can provide the following outline information for the benefit of any seriously interested parties.

• Location of the practice: North Yorkshire
• The practices’ 5 fee earners, including partners, would all be willing to stay on for an agreed term. The precise arrangements would be open to discussion.
• The firm has been established for over 100 years.
• The practice is on such panels as Lloyds Banking Group, Barclays Bank & Nationwide Building Society (through Lender Exchange membership) and HSBC, NatWest & Virgin (through LMS membership).
• CQS Accredited from 28^th November 2011
• Wills bank of 2500 + and hold deeds of circa 2500.
• Large number of repeat clients, local clients, high net worth, local / other business clients.
• Staff total of 12 including 5 fee earners (including one part-time), 3 secretaries, an office manager, a cashier, an administrative assistant, and a receptionist.
• Office leased, excellent location, private rear parking, town centre location – currently on a rolling monthly contract.
• Good regulatory history with the SRA, ICO, LeO, other bodies – as a firm or individual, no pending issues. Neither the practice nor any of its managers or staff have been subject to any regulatory investigation, visits, or supervision.
• Excellent professional indemnity claims history, with a premium that reflects.
• No real use of marketing, social media, website, practice do not pay for residential conveyance (from estate agents), all work comes from repeat clients, via recommendation and word of mouth.

Practice areas

Practice areas spilt indication:

• Litigation & Personal Injury 38%,
• Residential Conveyance 30%,
• Wills, Trusts & Probate 24%,
• Commercial Conveyancing 5%
• Matrimonial 2%
• Employment 1%

Turnover

Turnover for the last financial year:

• circa £490,000.00

If you would like to discuss further, please register your interest in confidence below. As you would expect, any further information required would be subject to the signing of an appropriate NDA.