For Buyers
Reasons to Buy
In October 2011 legislation will be introduced that
will revolutionise the legal services industry. Business
principles still apply to the purchase of a law firm but come
October 2011 law firms will become more flexible business
vehicles and will start to be shaped by a new breed of
entrepreneurs and investors wanting to accelerate into gaps in the
market. Reasons to buy a business therefore can include the
following:
- Many of the problems will have been discovered and solved
already.
- A market for the product or service will have already been
established.
- The groundwork to get the business up and running will have
been done.
- It may be easier for the business to obtain finance if there is
a proven track record.
- Existing employees should have experience you can draw on.
- There may be a client base, reliable income, a reputation
to capitalise and build on, untapped sources of cross referral and
a useful network of contacts.
Features and Benefits of Our
Service
Move Quicker
We have years of experience working with law firms,
communicating with the decision makers within these organisations.
Rely on our knowledge of the industry and the established
relationships we have to enable you to move faster and quickly
discount any targets that do not fit in to your plans.
Sellers Information Forms
All our sellers provide Sellers Information Forms which buyers
can peruse and draw conclusions before proceeding any further.
Free SRA Healthcheck
Buyers can see an SRA healthcheck for vendor firms at any stage
of the process.
Reduced Rates on Due Diligence
We can direct buyers towards an independent due
diligence service at reduced rates.
Free Advice on TUPE Matters
After you have completed due diligence we can arrange a free
initial consultation on TUPE matters from an Employment Law
specialist.
Proactive Matching to Sellers
Our instinct is to be proactive. We will communicate your
intentions beyond our immediate vendors list in order that we may
find the match that meets your purchase criteria.
ABS Friendly
The advent of the alternative business structure is going to
challenging for the legal services market. However the
opportunity to bring outside expertise into the legal services
industry will be a force for good and is not to be missed. If you
are a business or corporate entity looking to buy in to
legal we want to hear from you.
Please contact Kathryn Riley, Managing Director of Douglas Scott
Legal Recruitment in the the first instance on 07894 612 442.