Investment 'paying off'
Thorntons seeks new offices as business grows
Craig Nicol: ‘significant period of growth’
Scottish law firm Thorntons is seeking new premises in Edinburgh as the practice continues to grow.
The 56-partner firm said profitability has increased by 18% in the year to May on turnover up 4.5% to £23.9 million.
Craig Nicol, joint managing partner, said: “Following a significant period of growth we are now focusing on strengthening our full service offering.
“We’ll continue to develop all our office locations, in particular Edinburgh as we seek new premises in the capital, as well as targeted development across all of our specialist sectors. Our business has continued to grow through the latter part of 2017.”
Thorntons has grown following a number of mergers and investments and now has 13 offices.
Most recently, in September 2017, Thorntons acquired the Fife and Edinburgh firm Pagan Osborne out of administration, saving 65 jobs. At the time, the firm said its aim was to provide a seamless transition for clients and preserve the maximum number of jobs.
Mr Nicol added: “We are still at early stages of integrating the Pagan Osborne business and hope to be able to deliver strength and depth to our new who came when we completed the acquisition.
“Our latest financial results will enable us to continue to invest in our employees and technology as we endeavour to build on the hard work of our teams across the firm.”
Notable increases across work types include:
Land and Rural Business +11%
Business Law +17%
Dispute Resolution +7%
Private Client +15%
Residential Conveyancing +20%