Project BEE | WIP | Solicitor’s Practice

An opportunity to purchase the Work in Progress of a Solicitor’s practice for block transfer.

Matters serviced from leasehold property by
6 employees,
1 consultant
1 Member
Monthly salary approx. £16k
(excl. NI, PAYE & employee contributions)

A report of WIP was prepared in May 2021 based on a ‘dip test’ of 25 samples based on information provided
Suggested valuation range between £361K and £611K

334 Total matters
159 x Road Traffic Accidents
77 x Public Liability
46 x Employers Liability
41 x Clinical negligence
8 x Other
3 x UNK

  • RTA approx. 50% of caseload
  • Broadly 4 FEs run a mixed EL/PA/RTA book while two run a CN book
  • 259 cases have yet to settle (or be paid) with 245 having prospects over 50%
  • Of the remaining 64 cases, 35 are fully settled, 29 are filed awaiting disclosure

Expressions of interest to mark.i@JPSsurveyors.co.uk no later than 4pm 16 July 2021

EXPRESSIONS OF INTEREST

Interested parties are requested to specifically register their interest and interact with Mark Isaacs FRICS at JPS Chartered Surveyors , who are acting as agents on behalf of the proposed Administrators.

Interested parties will be required to sign a non– disclosure agreement with “Hold Harmless “clause to receive further information.