Practice Disposals
There is an increasing market in the buying and selling of Law Firms. The most successful sales are often those that are planned well in advance.
We are able to assist Firms in the lead management of the entire sale process. We have bought and sold businesses both on our own account and in an advisory capacity for clients. Verus UK understands the sale process and the importance of appointing experienced advisors.
The sale process can be distracting for Partners if not managed appropriately. Our role is to drive the sale process efficiently and professionally to ensure minimum disruption to the day to day running of the Firm.
Our role comprises the following:
- Advising on the sale planning
- Valuation of the firm
- Preparation of the sales memorandum
- Identification of potential purchases
- Obtaining a signed confidentiality agreement
- Contacting potential purchasers
- Controlling the release of information
- Attending all meetings with potential purchases and assisting in detailed negotiations
- Reviewing office
- Reviewing Sale and Purchase Agreement