Kent Law Firm
Thomson Snell & Passmore expects 10% jump in turnover and profits
The local law firm Thomson Snell & Passmore, is due to expect a 10% jump in turnover and profits when it finalises its annual results for this year.
Thomson Snell & Passmore are a leading law firm in Kent based in Tunbridge Wells and Dartford – Thames Gateway. With around 215 employees, the law firm has recently been announced as one of the oldest law firms in the world still in operation, which will be listed in the Guinness World Records 2017.
Thomson Snell & Passmore offer services for both private and business matters. Some of these services include clinical negligence, personal injury, employment law and dispute resolution. The Kent law firm also provide services a range of industry sectors these include agriculture & rural affairs, charities, education, construction & engineering, food & beverage and transport.
Over the last two years, Thomson Snell & Passmore has grown its traditional stronghold of private client work by 23%, due to investment in commercial activity, which has also expanded by 31% over the same period.
Their latest accounts show that for the 12 months to June 5th 2015, it’s managed to increase by 10% in revenues to £17.3 Million, with operating profits up 11% to £4.3 Million.
Currently, for the year to June 5th 2016, they’re expecting to receive an income close to £18.5 million, which is a 10% growth since last year, as well as their profits growing by around 11%.
Chief executive Simon Slater quoted: “This year we are pretty confident we will achieve another 10% growth in revenue.
“Over the last two years, most organisations have still been emerging from a long downturn.
“This firm has emerged in good shape and got back into investment mode.
“Brexit aside, there is no reason to suggest we shouldn’t have another good year next year.
“The decisions we made to prioritise the commercial side of the practice for investment is paying off.”
Thomson Snell & Passmore’s key growth sectors have been within transport and logistics, education, property, food & beverages, and construction. Overall, it picked up 14 new clients from these sectors last year and wishes to continue its growth in a positive direction.
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