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.

 

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.

 

 

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.

 

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.

 

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 easilyt 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.

 

 

 

TORONTO FAMILY LAW PRACTICE

 

Over 25 years in operation - Very successful family law practice with excellent reputation, established clientele and referral base.

 

Steady billings in 500-600K + range, large modern premises with high visibility and room to expand the practice.

 

This practice would suit an "up and coming" 5-10 year call lawyer with extensive family law experience.

  

 

CORNWALL FAMILY LAW/SOLICITOR'S PRACTICE

 

This practice has an excellent reputation garnered over more than 50 years in business.  The practice is approximately 70% high-end Family Law, with Real Estate and Wills/Estates rounding out the practice mix.  There is a significant wills bank with associated growth in Estate Administration files.

 

The business recently moved to modern premises with space for an additional lawyer should the buyer wish to expand the practice.

 

Cornwall is an easy hour's drive from both Ottawa and Montreal.  The city is undergoing an economic growth phase. It is a great place to raise a family, with an affordable housing market and all the amenities of a larger city but with a more relaxed pace to life.

 

SUDBURY - SOLICITOR'S PRACTICE 

 

This longstanding Sudbury practice is located in the city centre. The practice mix is residential and commercial real estate, wills/estates and corporate-commercial law.

 

Billings exceed $1 million. The seller has one junior lawyer; there is room for further expansion by adding additional lawyers to take on the litigation, family and criminal law that is currently being turned away.

 

The practice also boasts a satellite office in Espanola.  The seller spends one-half day to one day per week at the Espanola office and has one full-time law clerk staffing that office.

 

This busy practice would be suitable for an energetic entrepreneur, or for a firm looking to expand its footprint northwards.

 

The seller is prepared to be flexible about the transition period and willing to continue working post-sale.  

 

 

 

TORONTO WEST END - 70% Solicitor's Work, 30% Family Law

 

This established one-lawyer General practice has been in operation for over 30 years.  The practice mix is roughly 35% Real Estate, 30% Wills/Estates and 30% Family Law with steady annual billings in the $500-600K range.  There is a significant Wills Bank accumulated over almost 37 years of practice.

 

The practice has a great location on a busy street in Toronto's west-end, experienced staff and far more work than the incumbent lawyer can handle. A lot of work is referred out including Corporate/Commercial work, Estate Litigation and Family Law Trial work; accordingly, the practice is ripe for further expansion. 

 

The selling lawyer does minimal advertising - clients are through word of mouth and existing referral sources - and thus there is great expansion potential in all areas if the buyer undertakes increased promotion of the practice. 

 

The seller is prepared to continue but at reduced hours, while transitioning control of the practice to the buyer for a flexible transition period.

 

Please contact Ms. Geiger for further details.

    

 

WESTERN ONTARIO CORPORATE PRACTICE:

 

Equidistant to Waterloo and Guelph.  Corporate Commercial, Real Estate, Wills and Estates.  Nearly 30 years on Main Street location and prime office space.  Loyal clientele and room for expansion

 

 

 

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RECENTLY SOLD:

 

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.