IMPORTANT INFORMATION RE:  BUYER REQUIREMENTS

 

IF YOU ARE NOT A MEMBER IN GOOD STANDING OF  A LAW SOCIETY OF A CANADIAN PROVINCE YOU CANNOT PURCHASE A LAW PRACTICE IN CANADA

 

 A buyer must be a legally qualified Canadian lawyer in order to be legally eligible to purchase a practice.  You must be a member of the the Law Society of the Province of sale or eligible for membership in said Law Society prior to purchase.

 

If you are unable to provide proof of your Law Society membership you will not be provided any information on any practice listed below.

 

  

 

YORK REGION – 2 LAWYER SOLICITOR'S PRACTICE - NEW ON THE MARKET

 

This 2 lawyer practice has been in operation in various iterations for well over 50 years. The practice is located in a quickly expanding area of northern York Region.

 

Wills & Estates compose nearly 54% of billings, while Real Estate transactions comprise about 44% of the billings along with a small amount of Corporate/Commercial work. The latter could easily be increased if the buyer is interested in doing more of this work, as the sellers limit the number of Corp/Comm transactions they undertake each year.

 

The practice could also easily take on a full-time Family Law lawyer as there is limited competition for this work in the area.

 

The practice boasts a very large Wills Bank and highly competent staff.

 

Located in in a heritage building with easy access and ample parking, the premises are comprised of business premises on the main floor and several apartments on the upper floor. The sellers are prepared to sell the building if the buyer so desires.*

 

The sellers have excellent reputations and will assist the buyer through any necessary transition period.

 

 

*Please note that Ms. Geiger is not a realtor and can not handle the sale of the building; however, she can put any buyer in contact with the sellers and/or their realtor.

 

MISSISSAUGA-PEEL PRACTICE – NEW ON MARKET

 

This established solo practice has been in business for over 25 years.

 

The practice mix is 55% Real Estate (including residential, commercial and mortgage work) 15% Wills/Estates, 10% Construction and Collections litigation, and 20% Criminal Law. Annual billings are in the $650K range.

 

There is a significant Wills Bank which generates considerable Estate Administration work.

 

The seller's former partner was responsible for corporate/commercial work, which is currently referred out; however, if the buyer has the experience and interest in doing this work that aspect of the practice could be grown quickly.

 

Client sources are: repeat/generational clientele; word of mouth referrals; educational marketing; and, referrals from other law practices in the area. There is an extensive RE marketing system in place.

 

The practice boasts a great location in Mississauga. The premises are available for sale together with the practice.*

 

The seller is prepared to continue to work reduced hours in the practice post-sale in order to handle the criminal law work if the buyer does not have expertise in this area.

 

*Please note Ms. Geiger is not a realtor. If a buyer is interested in acquiring the premises, she can put them in touch with seller or his realtor. 

 

TORONTO WEST END SOLICITOR'S PRACTICE

 

This established solo practice has been in business for over 30 years.  The practice mix is 45% Real Estate, 45% Wills/Estates, and 5% each of Corporate/Commercial and uncontested Family Law.  Annual billings are in the $5-600K range.

 

There is a very large Wills Bank which generates considerable Estate Administration work.

 

The practice boasts a great location in Toronto's West End, experienced staff and more work than the incumbent lawyer can handle. 

 

Client sources are: repeat/generational clientele; word of mouth referrals; and, referrals from bank lenders, RE agents and mortgage brokers.  

 

The seller does no advertising so there is expansion potential in all areas if the buyer undertakes increased marketing.

 

The seller is prepared to continue to work reduced hours in the practice post-sale during the transition period.

 

 

 GUELPH AREA SOLICITOR'S PRACTICE

 

This practice is primarily Wills/Estates and Real Estate Law with some Corporate and Commercial.

 

The seller has an excellent reputation and most work comes from repeat clientele and word of mouth referrals.  If the buyer were to increase advertising and promotion the practice could be grown to accomodate a 2nd lawyer.

 

The seller will provide a flexible transition period to ensure proper client transfer.

 

SOUTHWESTERN ONTARIO

 

Long-established solicitor's practice - Corporate Commercial, Wills and Estates and Real Estate. Small component of Family Law solicitor's work.  

 

The practice is located in an area that is somewhat under-serviced by lawyers, so there is potential for growth. 

 

This will appeal to someone who wants a small town practice/life.

 

 

CENTRAL/DOWNTOWN  TORONTO WILLS AND ESTATES PRACTICE

 

The practice has been in operation for almost 50 years, enjoys a stellar reputation and is fully paperless using only the latest in Cloud, AI and Database technologies.

 

75% Wills, Estates and Elder Law including: Will & Powers of Attorney preparation and Estate Planning.  There is a significant Wills Bank of well over 1,000 active Will files with associated growth in Estate Administration files.

 

25% Estates Administration and Executor work.  There is a small amount of Real Estate (Estate sales only) although this could be a growth area if the buyer wishes to expand. 

 

Repeat clientele, word of mouth and referrals accompany targeted social media ads. 

 

Buyer should have at least 5 years experience in Wills/Estates.  The seller will provide a transition period to accomodate the needs of the buyer.

 

  

GTA REAL ESTATE PRACTICE FOR SALE

 

Rare Opportunity!

 

This practice is composed almost entire of Real Estate with a complementary and growing Wills/Estates practice: 90% Residential RE, 5% Commercial RE and 5% Wills/Estates practice. 

 

The seller employs 1 associate lawyer, 2 conveyancers and 1 receptionist.  The premises are located seconds from the 401 and are large enough to accomodate growth.

 

Great referral sources and repeat clientele result in annual billings consistently in the 7 figures.  The practice has tight control on overhead making it extremely profitable.

 

 

 

NORTH TORONTO SOLICITOR'S PRACTICE - THORNHILL

 

This long established practice is primarily Real Estate and Wills/Estates, with a small amount of Corporate/Commercial.

 

The practice boasts great premises, long-term staff and repeat clientele. There is excellent expansion potential in all areas of practice.  

 

The seller is prepared to provide an extensive transition period to ensure maximum client retention.

 

The buyer should have at least 7-8 years' experience in the requisite areas of practice.

 

  

ESTABLISHED SOLICITOR'S PRACTICE - KINGSTON ON

 

This is a long-established practice - 49 years for the incumbent lawyer - and is composed of 50% Family Law, a strong Real Estate component, Wills/Estates and general Litigation. There is a significant Wills Bank and Estate Administration work is in a growth phase.

 

The premises are located in downtown Kingston in a limestone heritage building (with ample parking).  The practice has experienced staff, and ample space for expansion if other lawyers were added to the practice.

 

Kingston is unique as a smaller centre with a high concentration of professionals due to the various Universities/Colleges and 2 teaching hospitals.

 

Kingston is also attractive as a lifestyle city, situated where Lake Ontario meets the St. Lawrence River/Thousand Islands region and with cottage country a very short drive to the north.  Along with fine restaurants and shopping, Kingston supports ample theatre, music and sporting venues.  There are many outdoor recreational activities in Kingston: bicycle paths, walking trails and beaches as well as world class sailing/boating, all easily accessible at numerous parks, conservation areas and publicly accessible waterfront.

  

EAST END TORONTO – WILLS AND ESTATES PRACTICE

 

The practice has been in operation for 50 years and enjoys a stellar reputation.

 

75% Wills and Estates including: Will preparation; Estates Planning

 

25% Estates Administration and Executor Work

 

There is a small amount of Real Estate (Estate sales only) although this could be a growth area if buyer wishes to expand. The seller has only recently reduced the scope of the RE practice

 

The seller will provide a transition period which is flexible depending on the requirements of the buyer.

 

Most clients are referrals and word of mouth; there is excellent growth potential for existing practice areas if an additional lawyer was brought into the practice

 

Buyer should have at least 5 years of strong experience in Wills/Estates.

 

  

 

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RECENTLY SOLD:

 

SCARBOROUGH SOLICITOR'S PRACTICE

 

This 2 lawyer practice has been in operation for over 40 years.  Real Estate transactions comprise about 60% of the billings along with significant Wills/Estates (25%) and Corp/Comm work (15%).

 

The practice has an accessible location with free parking, highly competent staff and a boasts a large wills bank.

 

 

The sellers have excellent reputations and are active in the community.  They will assist the buyer through any necessary transition period.

 

 

BRAMPTON ONTARIO - GENERAL PRACTICE

 

This practice has been in business for nearly 40 years and is now located in a modern strip plaza.  The practice is 60% solicitor's work - primarily Wills/Estates Real Estate and some Corporate Commercial, alongside a general civil litigation component which includes a small percentage of Family Law matters.

 

The Wills Bank exceed 700 and estate administration is a growth area.  Clientele are repeat and word-of-mouth referrals - the Seller does not findit necessary to advertise and turns away all contested Family Law matters.

 

The premises are just over 2000 square feet with 2 lawyers offices and 4 secretarial stations, so there is great expansion opportunity.  The location is just of the 407 and is easily accessible for 401, 27 and 410 highways.

 

 

The seller is also interested in selling the premises.  Ms. Geiger is not a realtor and does not handle the sale of real property but can put interested buyers in touch with the seller's realtor.

 

 

MISSISSAUGA - 2 LAWYER PRACTICE

 

This well-regarded and long-established practice offers services in 5 practice areas: 

 

Real Estate

Corporate/Commercial

Wills/Estates

Family Law

Litigation (Commercial and Estates)

 

The RE and Corp/Comm represent approximately 45% of revenue while the remaining 55% is fairly evenly divided in the other 3 areas. There is a large Wills bank as well as numerous corporate clients.

 

Both lawyers are working at full capacity without any advertising or marketing.  Clients are repeat and referrals due to the excellent reputation of the practice.  Thus, the practice could readily expand particularly in the areas of Corp/Comm, RE and Wills/Estates and would support additional lawyers.

 

 

The sellers are prepared to provide a substantial transition period to the buyer

 

PERSONAL INJURY PRACTICE - ONTARIO - SOLD

 

This practice is primarily MVA (95%) with the additional 5% composed of miscellaneous other PI claims.

 

The seller is a senior member of the bar and highly respected. Most cases involve substantial injuries with significant losses. 2023 is busy and looking to the future for buyer, there are a number of discoveries, pre-trials, mediations, LAT claims, case conferences and trials set for 2024.  

 

The seller expects to transfer files on a fee sharing arrangement with payment for disbursements already incurred, according to the progress of any given file.

 

The seller is prepared to consider transfer of phone number for goodwill value to be determined.

 

Although this practice has offices in Western Ontario, the files can be transferred to another location in Ontario.

 

 

 

MISSISSAUGA  SMALL FULL SERVICE LAW FIRM (sold)

 

With 9 lawyers and well trained staff, the firm has active practices in real estate, family law, litigation (commercial, employment and PI) ad wills/estates.  Boasting innovative management techniques, advanced technology and excellent client relations, this firm is poised for continued exponential growth in one of the most desirable locations in the GTA.