July 2023We are aware of the following legal sector merger/acquisition/disposal opportunities For more information about any of the opportunities below, or to feature an opportunity in a future edition, please get in touch via one of the contacts below. New opportunities LAW171Individual looking to acquire small west midlands firm An individual is looking to acquire a high street law firm based in the West Midlands that has business in any type of conveyancing, but also willing to accept firms that also offer other high-street services. The firm would need to be on lender panels. Ideally looking to acquire a firm with no more than 5 staff members. Opportunities previously featured and still available LAW170North West firm seeking expansion by merger or acquisition Law firm seeking expansion in West Cheshire & Lancashire with particular interest in Warrington, St Helens, Wigan & Preston areas. Particular focus on property & private client firms but all work types considered. Ideally looking to merge with/acquire firms with a turnover up to £5m to increase economies of scale, provide partnership opportunities or allow succession for the current owners. LAW169Modern, well-backed, growing regional firm seeking expansion Northern/Regional firm interested in having discussions with practices whose legal services are in commercial and specialist commercial areas, to include employment, corporate, commercial, regulatory (H&S/Corporate Crime), data, transport and shipping, all of which can support insurance activities, to explore the potential opportunities for merger or acquisition of departments or whole practices. The firm is open to opportunities across the UK. LAW168West Yorkshire firm seeking North Manchester expansion by merger or acquisition Law firm seeking expansion into North Greater Manchester. Particular focus on private client firms but all work types considered. Ideally looking to merge with/acquire a one office firm with up to 15 people to allow succession and ultimate exits for the current owners. LAW165Affluent Cheshire market town practice looking to be acquired High quality conveyancing and private client practice with a high net-worth client base. Top reputation, with clients based locally and nationally. Fees of over £600k per annum with the sole owner enjoying above benchmark profits. Good team that would be happy to continue and the option of the owner staying on in a reduced role. LAW161Newcastle-upon-Tyne firm seeking acquisitions Newcastle-upon-Tyne based firm interested in having discussions with practices whose legal services are in the areas of wills and probate, residential conveyancing, employment, and family law, to explore the potential opportunities for merger or acquisition of departments or whole practices. The firm is open to opportunities across the North East and Yorkshire. LAW156Acquisitions wanted Active buyers of firms in Central London and also in the M3/M4/M25 corridor area. These are very acquisitive firms and are well funded so they can move quickly if required. Ideally looking at firms between £1-5m with good general practices who have potential succession issues. LAW155West Cumbrian Expansion Sought Law firm seeking expansion in West Cumbria. Existing conveyancing, private client case load and criminal legal aid contract preferred but all work types considered. Intention to retain all existing staff. LAW154ABS looking for expansion Private client ABS looking to expand further with private client/court of protection bolt-ons primarily in Yorkshire or the North East. Firms up to 30 fee earners would be ideal. LAW153North East firm looking to acquireA NE law firm looking to acquire general practices up to approximately £4m turnover in NE/NW/Yorkshire. Particular focus on corporate/commercial firms but significant private client firms with agricultural practices also of interest. LAW147Successful litigation practice seeking acquisitionsA successful litigation practice based in Glasgow is seeking acquisitions of firms undertaking contentious work in Edinburgh and Glasgow. The acquisitions could be a potential exit strategy for small or niche firms. Teams within this work type may also be considered. LAW146Significant Scottish full service law firm looking to acquireSignificant Scottish full service law firm looking to acquire small and medium sized law firms in the Central Belt and/or Inverness. Particular focus on corporate/commercial firms but significant private client firms also of interest, particularly in Edinburgh. LAW145Alternative solution for realising true value of PI / Clinical Negligence WIPSolution realising true value of PI / Clinical Negligence WIP of all work-types and all sizes of PI / Clinical Negligence books, including discrete sections. Alternatively, whole firms who may be looking to close or to divest of their PI and/or Clinical Negligence work and who have other work types in addition i.e. Wills & probate, family, housing dis-repair, financial miss-selling etc. For further details on any of the above opportunities, or if you would like to include an opportunity in a future edition, please contact:Andy Poole Legal Sector Partner Michael Stewart Corporate Finance Executive Helena Lorimer Corporate Finance Manager |