SOLD
Perth Legal Practice
Well Established CBD Practice
Centrally Located Perth Legal Practice
Diverse client base suitable for expansion or sole practitioner
SOLD
FEES: $1.55M
Reference: PPW50006
This well-established firm has been servicing its SME and rural clients, second-tier lenders, and HNW individuals for around thirty years. Clients are generally between 45 and 75 years of age and have been serviced by the firm for between 2 and 25 years, providing repeat legal instructions from time to time.
Key Highlights:
Diverse Client Base
Referrals originate from current and past clients, as well as rural and Perth-based accounting firms, financial planners, town planners, farm consultants and agronomists, valuers, property developers, and investors.
Core Practice Areas
- Finance – 31.1% of revenue: Preparation of lending and security documents.
- Commercial Litigation & Insolvency – 16.5%: Dispute resolution and litigation services in SME environments.
- Wills, Estate Planning & Probate – 12.2%: Succession and estate planning documentation.
- Other Services: Business growth and protection services (11%), property and town planning (11%), rural asset protection and land compensation (9.1% each).
Revenue Breakdown (2024)
- 16% of revenue from clients with annual fees > $100K
- 18% from clients with annual fees between $50K–$100K
- 21% from clients with fees between $20K–$50K
- 25% from clients with fees between $10K–$20K
- Top 20 client groups contributed approximately 61% of annual revenue
Team Structure
- Sole practitioner
- Supported by 2 professional personnel
- 2 paralegal staff
- 1.5 FTE support personnel
Premises
- 212 m² office space
- Lease term expires September 2025, with options to extend or relocate if desired
Transition Support
The practitioner has contributed many years to the profession and is ready to step back from ownership and management. They are open to ongoing involvement of three days per week initially, with the intention to phase out over a couple of years.
For more information, please contact broking@robknightsbroking.com.au to request a confidentiality agreement or call (02) 9233 4333. Completion of a confidentiality agreement is required before any additional information can be provided.
Sign Up For Listings Alerts.
What practices are selling for, and what is moving the numbers
Michelle’s monthly note on practice valuations, buyer activity and the conditions we are seeing across accounting, financial planning and legal firms.
