TLT posts rise in turnover to £87.6m

TLT posts rise in turnover to £87.6m

John Paul Sheridan

TLT posted a seven per cent rise in turnover from £82 million in 2017/18 to £87.6m this year, representing a near 50 per cent increase in revenue over the last five years.

In response to client demand, TLT has made significant investments in Scotland with the acquisition of specialist real estate firm Leslie Wolfson and several key appointments.

John Paul Sheridan, partner and location head for TLT Scotland, said: “We are winning market share in a tough environment with a clear, consistent and client-led approach. We are growing the team in Scotland and building a market-leading service in the sectors where we specialise in recognition of client need. Our recent acquisition of Leslie Wolfson is another step in realising our ambitious strategy for Scotland.

“Looking forward, we will continue grow where clients need us and work to improve how we deliver legal services through our Future Law programme.”

The firm launched its Future Law programme in the autumn of 2018 with a £500,000 investment fund. The initiative is focused on driving change more rapidly in the way the firm delivers legal services and products to clients.

As part of this programme, the firm has launched a partnership with Clarilis to deliver automated document and contract creation. This completes the firm’s end-to-end contracts as a service platform alongside its combined intelligence contract review tool TLT LegalSifter.

The firm has continued to grow its partner and lawyer teams over the last 18 months in Glasgow, including the appointment of banking and finance partner Douglas Gourlay, and corporate partner Damien Bechelli.

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