Thorntons

Turnover (£m): 10.9
RPL (£k): 98

Scottish firm Thorntons’ 2010-11 revenue of £10.9m is roughly similar to the turnover it posted the previous year. The firm also has ­estate agency and investment services ­divisions, which brought in £2.2m between them in 2010-11, although this revenue is not included in the £10.9m figure.

Thorntons’ biggest department is litigation, contributing 34 per cent of turnover. This ­includes a growing personal injury team. ­Private client work is also key, making up a quarter of overall turnover, while business law advice provides 20 per cent of revenue.

In the future Thorntons is looking to ­diversify its service delivery, including offering wills and other documents online.

The firm operates a two-tier partnership structure. Its 16 equity partners are ­remunerated via a lockstep, while the ­remaining 12 non-equity partners are paid a fixed profit share. Finance director Graeme Brown said profit was up slightly on last year’s.