Thring Townsend reveals acquisition strategy

Thring Townsend Lee & Pembertons has unveiled an ambitious plan to more than double turnover within five years through strategic acquisitions.

The Bath firm, which last year expanded into London following the takeover of Lee & Pembertons, is expected to report a turnover of £18.3m for the year ending March 2008.

Managing ;partner Thomas Sheppard told The Lawyer that the firm would now look to grow its presence along the M4 corridor.

“We need to have a strong branded proposition across the South firstly,” he said. “But growth will certainly involve mergers in London.”

Initially the firm will look for laterals for its core growth areas, said Sheppard, and would then target takeovers of two-partner firms.