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Established CBD Law Firm For Sale With Significant Conveyancing
1 month ago
Gatehouse Legal Recruitment is delighted to present an exceptional opportunity for a prospective buyer to acquire a well-established law firm with a strong presence in the CBD and South East regions.
The practice boasts an impressive 40-year history, having commenced operations over four decades ago. Its current partners are now looking to retire, offering a seamless transition period of up to two years to ensure a smooth handover.
With approximately 18,000 deeds and a modern file management system, the practice offers immense potential for growth and development. The work split over the past three financial years has been predominantly focused on Conveyancing & Property Law, Wills & Estates, Family Law, and Commercial Litigation.
The areas of law covered by the practice include:
- Business Law
- Commercial Litigation
- Family Law
- Personal Injury Law
- Property Law & Conveyancing
- Wills & Estates
- Domestic Building Disputes
Notably, the professional fees have consistently demonstrated significant growth, with $2,570,466 earned in 2015, $2,483,562 in 2014, and $2,628,263 in 2013. Similarly, the number of new files opened has remained steady, with 1,330 files initiated in 2015, 1,227 in 2014, and 1,194 in 2013.
We estimate the annual salary for this role to be around $150,000 - $200,000 based on industry standards and the company's size and location. However, we advise interested parties to discuss their expectations with us further.
This exceptional opportunity presents a chance to acquire a reputable law firm with immense potential for growth and development. We encourage all interested parties to contact us to discuss further details.
