UK law firm TLT has continued its growth in the UK posting a 13 per cent rise in turnover from £87.6m in 2018/19 to £98.8m for financial year ending 30 April 2020.
Growth across its focus sectors continues to drive the firm’s revenue increase, with major projects for Financial Services clients, supporting EV infrastructure & energy storage initiatives in Clean Energy, significant work for central & local government, and major new client wins in the Retail and Digital sectors.
The firm has also invested in its people strategy over the last year to support its longer term ambitions. In particular its diversity & inclusion agenda, with a comprehensive root cause analysis project to inform its diversity strategy and the launch of a new talent management programme to drive internal opportunities and talent development.
Commenting on this year’s results, TLT Managing Partner John Wood said:
“We had a strong year last year as we continued with our strategy to build expertise and scale in our specialist sectors and across our UK offices.
“Investment in our FutureLaw practice is a key part of that as we look at how we can deliver legal and other professional services more effectively for our clients, using innovations in technology and process improvements.
“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.
“We are ambitious and planning for the longer term; in particular continued growth of our UK offer for clients as well as developing further the support we can provide internationally.
“Our people strategy remains a priority too, with a ‘Future Workplace’ project now in place to rethink how we work as an organisation. We want to deliver a market-leading work experience at TLT, with more choice about how, when and where we work.”
2019/20 saw a number of management changes at the firm with John Wood elected as the firm’s first new Managing Partner in 19 years. David Pester takes on a new Head of Strategic Growth role with partner Andrew Webber taking over from John Wood as Head of Corporate. Clean Energy sector leader Maria Connolly, Digital sector leader and architect of the firm’s FutureLaw programme James Touzel, and Head of International Chris Owen were also newly appointed to the firm’s Executive Board.