TLT reports £100m turnover ahead of 2025 strategy
TLT has reported an 11 per cent increase in turnover to hit £110 million as announced a new strategy to 2025.
The new four-year roadmap will see the firm accelerate the development of its UK offer and its wider international network as it continues to build on a decade of rapid growth, targeting turnover in excess of £140 million by 2025.
With a focus on anticipating and delivering against future client needs, the strategy prioritises transforming the way the firm delivers for clients. This will be through initiatives such as its FutureLaw programme and the further development of legal and near law capabilities.
Investment will continue across the firm’s seven sectors, which include clean energy, digital, financial services, leisure, food and drink, public sector, real estate, and retail and consumer goods.
The firm’s new strategy will deliver a progressive workplace agenda, with market-leading sustainability. Equality, diversity, inclusion and wellness remain central to TLT’s plans and are a core pillar of the new strategy. The firm’s recent announcement of a multimillion-pound investment in its tech platform and offices to support a shift to a fully flexible working environment are part of that journey.
The new strategy has been launched to all colleagues at the firm through a series of webinars and after consultation with partners, staff and clients. It builds on the firm’s sustained organic growth as it has expanded across the UK to build its expertise and service offer.
John Wood, managing partner at TLT, commented: “We ended the last financial year in a very strong position, having adapted quickly to the challenges of the pandemic – particularly in the first quarter. This has been my first year as managing partner, and I am proud of everyone at the firm’s efforts to make this result possible by supporting and delivering for our clients time and time again throughout the year.”
He added: “Pandemic aside, breaking the £100 million revenue mark is another significant step forward in our journey of continued and sustainable growth. But, we aren’t even close to done yet and, with our new strategy, will focus on looking ahead and delivering an outstanding service for our clients.”
Over the last year, TLT has been re-appointed to the Sainsbury’s legal panel and secured roles on the Vodafone legal panel and the UK government’s newly established trade law panel. The firm has advised on landmark client matters including a £197m fundraise and multiple brand acquisitions for Boohoo, a $239m debt judgment for IDBI Bank, and multimillion-pound funding by Santander UK for the construction and operation of what is anticipated to be the largest battery storage plant in Europe.