TLT LLP

The Scoop

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 resolution.

Millennium baby

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.

Bespoke benefits

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.

Recent News

EastEnders upgrade

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.

Beer buyout

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.

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TLT LLP


One Redcliff Street
Bristol BS1 6TP
Phone: +44 (0)117 917 7777
www.tltsolicitors.com

STATS


  • Employer Type: Private
  • Managing partner: David Pester
  • Total No. Attorneys 2011: 650

Major Office Locations

  • London, United Kingdom
  • Bristol, United Kingdom
  • Piraeus, Greece

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