Annual revenue growth at Bristol-headquartered national law firm TLT has gone back to double digits with a 12% rise in its last financial year.
The increase, which took turnover to £174m for 2023/2024, follows a 9% rise in the previous year. 
That contrasted with the three previous years when the firm, which now has 160 partners and 1,700 employees across its seven offices, achieved growth of 13%, 11.3% and 30% – resulting in it beating by three years the £140m target it had set itself for 2025.
TLT attributed its success to a series of initiatives introduced over the past year.
These formed part of a national strategy focused on what it described as providing “innovative, forward-thinking and best-in-class legal services to clients”, together with delivering a “progressive workplace agenda with market-leading sustainability”.
During the year it also landed a number of high-profile client wins, made key partner hires and expanded its national office network, including opening its first office in Birmingham, pictured.
It also retained its place on high-profile legal panels in the public and private sector, demonstrating what it said was the long-term value it was providing to clients.
In addition, it worked on major projects for central and local government, advised on several high-profile matters for financial services clients and supported some of the UK’s most ground-breaking future energy initiatives. 
It client work included advising Barclays on the widely publicised Philipp V Barclays Bank case, advising Intelligent Land Investment Group on the sale of the landmark Red John Pumped Hydro Scheme in Scotland, and winning a milestone High Court claim on behalf of the online retailer easyCOSMETIC.
It successes in the future energy sector resulted in it again ranking in the top three most active global law firms for clean energy M&A deals in Clean Energy Pipeline’s 2024 Clean Energy Legal League Table.
The firm said its financial success was also linked to what it described as its market-leading people strategy focused on improving inclusivity and diversity at all levels of the firm. 
In March it promoted five women to its partnership and launched a new target of 50% female partners positions by 2029. This followed it reaching 33% female representation at partner level two years ahead of target.
TLT said its people strategy had spearheaded efforts to improve accessibility to the legal profession through offering graduate and apprenticeship schemes, as well as targeted outreach with organisations such as Social Mobility Business Partnership and Aspiring Solicitors, along with setting a new target to achieve 35% ethnic minority representation across early career roles by 2030.
These efforts resulted in the firm being ranked 47th in the Social Mobility Index 2023, moving up from 64th the previous year.
TLT said it had also continued to pave the way for sustainability in the market throughout the year, securing a B score from CDP for actions taken to tackle climate change and placing it among the top 32% of companies to reach the ‘management’ level in the specialised professional services sector.
TLT managing partner John Wood, pictured, said: “These outstanding results can be attributed, in no small part, to our dedication to upholding a positive culture where our people feel valued, recognised and rewarded, combined with a focus on providing exceptional legal services to our clients.
“We are making a significant impact across the UK legal the market, this is evident through the calibre of talent we attract to the firm, as well as our achievements across our key sectors.
“TLT continues to be one of the fastest growing law firms in the UK and we have robust plans to continue and accelerate this trajectory in a sustainable and successful way.”
TLT’s results for 2023/2024 were recorded over an 11-month period and then annualised after the firm changed its accounting year end from 30 April to 31 March.
