TLT Nears £100M Revenue Mark With Double-Digit Growth
The firm outpaced fellow UK Top 50 rival Mills & Reeve which grew nearly 3%.
July 29, 2020 at 04:58 AM
2 minute read
John Wood, TLT
U.K. top 50 outfit TLT has grown its revenues by 13% to hit £98.8 million in the last financial year.
The increase marks a near 60% increase in revenues since 2015, when the firm's turnover was £62.5 million.
Commenting on the results, managing partner, John Wood, who replaced longstanding incumbent David Pester in October, called it a "strong year".
He said: "Looking ahead, whilst of course our primary focus in the first part of this financial year is carefully managing the impact of the pandemic so that we come out of this period with the same momentum that we had coming in to it, we are not standing still.
Wood added that the firm was also rethinking how it worked as an organisation, saying: "We want to deliver a market-leading work experience at TLT, with more choice about how, when and where we work."
In June, the firm formed a strategic alliance with Netherlands firm Holla as part of a drive to grow its international presence. At the time, the firm said it was targeting growth in three main areas: Western Europe, the U.S. and India.
Meanwhile, rival U.K. firm Mills & Reeve has announced an almost 3% uptick in turnover to reach £114 million, leading the firm to give each of its employees a bonus of around £1,000.
Claire Clarke, Mills & Reeve managing partner, said in a statement: "Our growth last year has, without doubt, been affected by the coronavirus pandemic impacting our final quarter. Undaunted, we have worked incredibly hard maintaining our commitment to and delivering for, our clients.
"We are responding to the challenges through new ways of working, maintaining our culture and commitment to our people as a great place to work and continuing to invest in technology and infrastructure."
Read More
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