For Sellers
Reasons for a Sale
There can be a number of reasons to sell a law
firm, the important thing is to plan and give yourself enough time
to exit in order to maximise your sale price. Allow at least 9
months from the time you instruct us so if any of the below ring
any bells it would make sense to talk to
us.
- Up and coming retirement of partner(s)
- Sale as part of an exit strategy
- Disillusioned with legal practice
- Early signs of financial difficulty
- Lifestyle change
- Sale of WIP when closing down a department
Features and Benefits of Our
Service
Market to Tens of Thousands
of Business
Contacts
We have tens of thousands of business contacts in the legal
services market. We will market your business online and
offline to your target audience and proactively knock on
doors in order that we can help you achieve your maximum price
and complete as quickly as
possible.
Valuation Services
If you are not sure where to start we can arrange for an
independent business valuation at a competitive price.
Maintaining Confidentiality
It is important to keep any plans for a disposal under wraps.
Any business posting a for sale sign above it will lose trade and
in all likelihood staff. Direct sales can also be difficult to
manage and buyers become pushy about seeing details of accounts
and/or referral sources before committing. We will ensure all the
necessary rules of disclosure are signed before any scrutiny of
documentation takes place, see also Timewasters.
Avoid Timewasters and Timewasting
Most of our buyers will have a track record with us, we have
long established relationships with the regional practices and will
be able to give you some pointers as to the foundations of a
potential purchaser's interest.
Progression of the Sale
Time being the biggest killer of deals it is in our interest to
progress your sale as expediently as possible. We will chase up all
documentation needed from all parties to legally complete a sale
and make sure the deal is kept on track.
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. We
will market your firm to non legal entities in order to
maximise your chances of a successful sale.
Please contact Kathryn Riley, Managing Director of Douglas Scott
Legal Recruitment in the the first instance on 07894 612 442.