Trethowans has revealed impressive growth figures as it continues to cement its reputation as the region’s leading law firm.
The firm has seen revenue increase by a huge 60 per cent since 2015, with its annual gross revenue currently standing at £17.6m. Its workforce has also doubled in that time, with 242 staff now working across Bournemouth, Poole, Southampton, Salisbury, Winchester and London.
Managing partner Chris Whiteley says it’s just the start, with more growth set to come in the next two years as its newest offices start to bear the fruits of their investments.
He said: “The launch of our Bournemouth and Winchester offices has undoubtedly contributed to our strong financial footing but actually a lot of the growth is yet to come. We’ve invested heavily in launching those offices and, importantly, getting the best teams in place. Now we’re there and we’re ready to really make the most of these new markets.”
The Bournemouth office has expanded rapidly since its launch just over a year ago. It has gone from a standing start to a team of 12 staff, providing a range of legal services for commercial and private clients.
It has become a honeypot for talent, attracting several high-profile partners and, in turn, scores of new clients who want to work with the very best lawyers. Major household names in banking, retailers and blue-chip firms are just some of the companies Trethowans now counts among its client base. The firm’s appointment of Guy Morgan, well-known and respected Commercial Property Partner in the Bournemouth area, is another recent coup and likely to attract more clients.
Chris Whiteley says he’s seeing the talent ‘honeypot effect’ reflected across Trethowans’ other offices in the region. “Our culture and our financial prudence are what attracts people to us. We have a reputation as a good employer that’s big enough to be exciting but not so big that we’ve lost our family ethos. People feel a part of something with us. Our reputation for having a solid financial standing is also a big factor.
“A few months ago, we offered all of our trainees permanent positions from September. It says a lot about our confidence for the future and level of incoming work that we’re able to guarantee them jobs so far ahead.”
Looking to the future, Chris says that Trethowans has its sights firmly set on further growth. “Becoming a £20m firm within the next few years is absolutely what we aspire to,” he said. “We aim to maintain our profitability, be highly respected and the number one law firm that people want to work for. In a sense we’re already there, but it’s a case of taking it to the next level.”
With the building blocks in place, Trethowans has no plans to open offices in further locations in the next few years. Instead it will focus on growing its existing teams, particularly in Bournemouth and Winchester where the rising number of employees could well see Trethowans outgrow its existing offices.
In Winchester, Trethowans is already close to outgrowing its new office in Southgate Street, which opened just a year ago. It’s now home to a team of experts in private client legal matters, including family law, residential property, wills, probate and more.
Chris said: “Part of our success is that we deal with lots of different areas of law. Across the board we offer a mix of private client and corporate legal services and our reputation for being the best is what keeps our loyal client base with us as we continue to grow.”
To find out more about Trethowans visit www.trethowans.com