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Law firm Thackray Williams announces record financial results

Thackray Williams, with offices in Kent and London, has reported record financial results for the year 2023/2024, with a significant increase in turnover of 9.1%. This achievement has positioned the firm for possible inclusion in the prestigious rankings of Britain’s top 200 law firms later this year.

The company, which was founded in 2004 following the merger of Thackray Wood and Leigh Williams and is headquartered in Bromley, posted an impressive turnover of £12.2 million for the financial year. The Private Wealth division led the growth with a notable increase of 24%, followed by the Leasehold division with 15%, and both the Employment and Corporate divisions each recorded an increase of 11%.

This financial success follows Thackray Williams launching a new strategy around six core sectors. These sectors, led by partners and covering a comprehensive range of legal services, include private wealth, real estate, sports, retail-hospitality and leisure, financial and professional services and education.

Additionally, the company has expanded its corporate/commercial division, substantially increasing revenue by 27% over the past three years. Simon Slater, the non-executive chairman, attributes the record results to continued organic growth and significant new customer acquisitions. With a net profit margin rising to 21%, up from 19% last year, Simon Slater highlights the company’s ambition to become a £15m business by 2027.

Simon Slater, who has played a pivotal role in shaping successful professional services businesses such as Charles Russell Speechlys, Eversheds and Cripps, expressed the company’s commitment to accelerating growth through both organic means and potential mergers and acquisitions. He also highlighted plans to recruit senior lateral staff to improve customer service and progress across key sectors and practice areas.

Thackray Williams, which employs more than 130 staff, has also seen substantial growth at its Sevenoaks branch, with turnover increasing to £2m since opening five years ago. To support this rapid growth, the company recently added four new partners to its team.

The company’s strategic and financial milestones underline its solid positioning and ambitious trajectory within the competitive legal landscape.

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