Deal of the week. £420,000 to buy a second law firm
A London law firm owner wanted to buy an established practice in the North West. The price was £840,000, with half due on completion and half paid over two years.
We built the case around the combined profits of both firms, which came to almost £490,000 a year. We also showed £150,000 of the owners' own money going in, plus personal guarantees from both directors.