Bristol-headquartered TLT anticipates profit will increase at the firm on the back of an 18 per cent increase in turnover from £49m to £57.9m for the 2013/14 financial year.
TLT’s Scottish office posted revenues of £3.1m for the same financial period, representing a 30 per cent increase on 2011/12 based for the 10-months after it merged with with Anderson Fyfe (12 May 2012). The firm also credited the income rise to its opening in Northern Ireland in 2012 (9 May 2012).
TLT managing partner David Pester said the firm would continue to invest and grow in its key sectors of retail, leisure, energy and renewables.
Although the firm saw growth across the board it highlighted financial services, commercial services, real estate and litigation in partcular.
The firm also up four new partners this month. The promotions are in the firm’s corporate and disputes teams in its Bristol and London offices.
The new partners were corporate lawyer Jon Gill, corporate recoveries and insolvency lawyer Abigail Hadfield, and banking and financial services litigators Richard Hall and Peter Richards-Gaskin, which took the total number of partners at the firm to 96.
TLT was amongst the first group of firms to issue a cash call to fixed-share partners (FSP) in response to HM Revenue & Customs’ (HMRC) changes to partnership taxation this year and is thought to have boosted its coffers by a minimum of £1.2m in the move (10 February 2014).