TLT may be based in Bristol, but its business stretches far
beyond the South West, with 60 per cent of its work coming from
outside the region, much of it of a calibre that's normally the
reserve of City law firms. The firm serves local, national and
international clients, including more than 30 FTSE listed
companies. TLT's industry-focused services centre on the financial
services, leisure, retail, technology, renewables, housing and
public Sectors, and its core practices include real estate, banking
and finance, commercial, corporate, employment and dispute
TLT formed in 2000 out of the merger between Lawrence Tuckets
and Trumps, and has continued expanding: between 2002 and 2010, the
firm's revenue more than tripled, reaching £43 million in 2010-11.
In 2005, the firm gobbled up niche banking and financial services
outfit Lawrence Jones and launched its London presence. In 2007,
TLT acquired another firm, international commercial player Constant
& Constant. In 2010, TLT moved to brand new offices near St
Paul's Cathedral in London. The space has doubled TLT's capacity,
reflecting the firm's strategy to build up its already sizeable
presence in London. The new offices serve as the flagship for the
firm's financial services practice.
Full-service, with a banking bent
The bulk of TLT's turnover comes from its work in the financial
services, leisure, retail, technology and media, housing,
renewables and public sectors. The firm's work in the financial
services sector currently makes up approximately 40 percent of
total turnover, and TLT's impressive list of clients includes a
number of major financial institutions, such as Barclays Bank, Bank
of Ireland, ICICI Bank and the Royal Bank of Scotland.
Other big-name entities TLT serves include Merlin
Entertainments, Orange, British Waterways Board, the Metropolitan
Police Authority, Ecotricity and Punch Taverns. In 2010, TLT was
named to the Co-operative Group's commercial legal panel, as one of
three primary advisers to all Co-op subsidiaries, including
Co-operative Financial Services and the Co-op retail chain.
TLT, which was named Law Firm of the Year at the Bristol Law
Society Awards 2011, has also been recognised repeatedly by the
Financial Times as one of Europe's most innovative firms.
In 2011, the firm was especially commended for its Aspire
development programme for associates. The firm has also been
commended for its marketing initiatives and pensions extranet
technology. Among the firm's innovations is a flexible benefits
scheme that allows UK-based staff to design their benefits package
to suit their personal needs-including the option to purchase or
sell benefits, and to buy or sell annual leave. TLT also offers
each staff member three hours paid leave every month to volunteer
their time and services in the community. Additionally, as a member
of the newly established Legal Sector Alliance, TLT has joined a
high-profile movement to improve its sustainability.
TLT client Swan Housing Association, along with Tower Hamlets
Council and the Homes and Communities Agency (HCA), is currently
working to transform an East End housing estate by creating 1,600
new homes, retail outlets, community facilities and open spaces.
The design for the £300 million Blackwall Reach Regeneration
Project-one of the largest regeneration projects in London-was
developed in consultation between the council and HCA together with
area residents. Construction will proceed in stages over the next
10 years. TLT is advising on the development agreement between Swan
Housing Association and the other parties, and will continue to
advise on all building and development-related issues throughout
the life of the project.
Windmills among the wildlife
TLT frequently acts for Triodos Renewables Plc, an independent
company that invests in the renewable energy sector, in connection
with various ethical, sustainable and renewable energy projects. In
July 2011, the firm advised Triodos on its prospectus to raise up
to £15 million to invest in new renewable energy projects,
including a number of on-shore wind farms. In March 2011, TLT
advised Triodos on the acquisition and construction of two wind
turbines at Kessingland Wind Farm in Suffolk. One turbine will be
located on the grounds of Africa Alive! Wildlife park, while the
other will be on land owned by a neighbouring farmer. The turbines
are expected to generate 14GWh, enough power to provide electricity
to nearly 3,000 homes.
Triodos Bank, which manages Triodos Renewables, is also a
longstanding TLT client. In April 2011, TLT advised Triodos Bank on
its move to new, greener headquarters at WestOne in Bristol, one of
the greenest offices in the UK.
TITAN stretches its reach in Britain
In March 2011, TITAN Containers A/S, an international shipping
container company based in Denmark, purchased Essex-based Boxtainer
Ltd, which specialises in the sale and hire of refrigerated
containers and container-based site storage. Boxtainer is now known
as TITAN Boxtainer Ltd. TLT advised TITAN on the acquisition, which
extends the company's reach in the UK.
When multinational Molson Coors Brewing Company sought to
acquire Sharp's Brewery, the shareholders of the Cornwall-based
brewer turned to TLT for advice. Sharp's brewery at Rock is the
largest brewer of cask-conditioned beer in the South West,
producing 75,000 barrels annually, and the brewery's Doom Bar is
one of the most popular cask ales in Britain. In February 2011,
Molson Coors purchased Sharp's for £20 million.