TLT posts further revenue growth despite COVID-19

UK law firm TLT has recorded further revenue growth in 2019-20, despite the onset of the coronavirus lockdown.

Turnover in the 12 months to 30 April 2020 was up 13% from £87.6m in 2018-19 to £98.8m.

The firm said growth across its focus sectors continued to drive the revenue increase, with major projects for financial services clients, supporting electric vehicle infrastructure and energy storage initiatives in clean energy, significant work for central and local government, and "major new client wins" in the retail and digital sectors. 

It added that it had also invested in its people strategy to support its longer term ambitions, in particular its diversity and inclusion agenda and the launch of a new talent management programme to drive internal opportunities and talent development.

Managing partner John Wood, elected during the year, commented: "We had a strong year last year as we continued with our strategy to build expertise and scale in our specialist sectors and across our UK offices.

"Investment in our FutureLaw practice is a key part of that as we look at how we can deliver legal and other professional services more effectively for our clients, using innovations in technology and process improvements. 

"Looking ahead, whilst of course our primary focus in the first part of this financial year is carefully managing the impact of the pandemic so that we come out of this period with the same momentum that we had coming into it, we are not standing still.  

"We are ambitious and planning for the longer term; in particular continued growth of our UK offer for clients as well as developing further the support we can provide internationally."