x
RECEIVE BUSINESS TIMES FREE TO YOUR DOOR EACH MONTH, COURTESY OF ROYAL MAIL.
* indicates required

Strategy leads to continued success

NORTHAMPTON-based law firm Tollers, a leading Midlands-based legal practice, has announced the results of another highly successful year of trading.

Following the end of the firm’s financial year in March 2015, Tollers’ Managing Partner Duncan Nicholson revealed that the firm’s turnover had increased sharply once again with profits remaining strong despite the firm’s commitment to investment in the future of the practice during the preceding 12 months.

The firm’s turnover has now risen to £9.4 million, an overall rise of four per cent on the previous year.

NORTHAMPTON-based law firm Tollers, a leading Midlands-based legal practice, has announced the results of another highly successful year of trading.

Following the end of the firm’s financial year in March 2015, Tollers’ Managing Partner Duncan Nicholson revealed that the firm’s turnover had increased sharply once again with profits remaining strong despite the firm’s commitment to investment in the future of the practice during the preceding 12 months.

The firm’s turnover has now risen to £9.4 million, an overall rise of four per cent on the previous year. A closer inspection, however, will reveal that the firm’s underlying growth is nearer to a highly impressive 11 per cent.

Duncan Nicholson said: “The firm’s strategy has been to create a more balanced business fit for purpose in the modern legal environment. Previously, the firm was heavily reliant upon its Personal Injury business. While we are committed to Personal Injury and it remains an integral part of our business, the Management Board of Tollers has followed a strategy to reduce the firm’s dependency upon that particular area of legal practice. If our strategy was to succeed then it was a necessity for the firm’s other areas of business to grow in order to fill a gap in the firm’s turnover. Our Commercial Services, Private Client and Property businesses have grown by £1 million during the last 12 months, an annual increase of nearly 18 per cent and we are delighted with that performance.”

The continued impressive financial performance has seen Tollers recognised in recent months. In October 2014 the firm was awarded a prestigious national award by the Lawyer Magazine for its excellence in financial management and thereafter Duncan Nicholson himself was recognised in the 2015 edition of the Hot 100 lawyers in the country.

Success has given Tollers the platform to continue to invest in its business for the future. The firm has added significantly to its Commercial and Private Client disciplines and has implemented a market-leading case management and financial software package. The firm has also recently unveiled a new brand for the firm’s solicitors practice as well as a new and distinct brand for its leading personal injury division.

Duncan Nicholson added: “Our strategy all along has been to create a more balanced business and we are succeeding. It is so important to have the right people, knowledge and infrastructure to enable us to deliver exceptional services to our many and varied clients.”

To Talk to Tollers and find out more about the wide range of services offered please call 01604 258558 or visit the website at www.tollers.co.uk

Companies mentioned in this article

Tollers

More from Northampton: