Case Studies

Case Studies

We pride ourselves on our bespoke service, appropriate to each unique situation. Here are some examples of the businesses we have helped.

Calculator imageCase Study 1 – Ten partner firm finds target firm is insolvent
Our client was a significant single office full service high street firm with 10 equity partners based in a County town. It was reasonably profitable with PEP in the low £100,000s and had a number of market leading niche services for its location.  Strategically it had decided to seek a merger with a view to strengthening and its existing service offering while adding other additional disciplines. As it had a high market share in its existing location it was agreed to approach what were perceived like minded firms in another similar sized geographical location. Read more…

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Case Study 2 – Provincial city firm achieves rapid opportunistic acquisition
Our client was a four partner firm based in a provincial city. It was profitable with PEP in the region of £160,000. While it provided a full service offering it was significantly skewed by the size of the PI department. It had also recently had some key staff defections in non PI departments. A strategic decision was taken to strengthen the non PI departments and an opportunistic acquisition opportunity of a smaller firm became available. Read more…

NumbersCase Study 3 – A successful exit for a firm with an ageing partnership
This case involved a long established firm in a major city. It had 5 partners, of which 3 were over 60 years old and employed around 40 people in total.  It dealt mainly in property (residential and commercial), private client, company commercial and litigation. Although turnover was approximately £2 million, the company finances were not good and profitability was well below the benchmark, with borrowings equalling almost 6 months’ turnover. Read more…

Agreement imageCase Study 4 – The ultimate in client satisfaction
As a very long established and well-known firm, working from a single office in the North of England, this company had 5 partners, two of whom were approaching retirement. Turnover was under £2 million and profitability around 25% below the benchmark, with borrowings of around two months’ turnover. The retirement of the senior partner prompted the remaining partners to review their options, one of the partners finding us via our website. Read more…

Merger and Acquisition services to law firms and barristers’ chambers