London law firm opens to acquisition offers following record revenue

The firm's revenue increased by 9.1 percent compared to the previous year

London law firm opens to acquisition offers following record revenue

Thackray Williams, a law firm with offices in Kent and London, has announced that it is open to acquisition offers from larger businesses aiming to expand their presence in the southeast, The Law Society Gazette reported.

The firm is also seeking merger opportunities to acquire smaller practices. This strategic move follows a record-high revenue report of £12.2 million for the 2023/24 financial year, accompanied by non-audited profits of £2.6 million, positioning Thackray Williams among the UK's top 200 law firms.

Revenue increased by 9.1 percent compared to the previous year, with notable growth in specific departments. The private wealth department saw a 24 percent increase in income, while the leasehold department experienced a 15 percent rise. Additionally, the firm's corporate and commercial division has boosted its revenue by 27 percent over the past three years.

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Simon Slater, non-executive chair of Thackray Williams, stated that the firm's goal is to achieve £15 million in annual revenue by 2027. He highlighted the firm's commitment to organic growth but also acknowledged the potential benefits of mergers and acquisitions. "Whilst we are committed to our strategy of further organic growth, we will also consider alternative options, such as merger and acquisition, in order to increase our sector exposure, expand geographically, and achieve our growth ambitions," Slater said.

Thackray Williams employs over 130 staff members and operates across six core sectors: private wealth, real estate, sport, financial and professional services, education, and retail-hospitality and leisure. The firm has offices in the City of London, Bromley, Sevenoaks, and West Wickham.

Slater, appointed as non-executive chair earlier this year, brings extensive experience from previous roles at Charles Russell Speechlys, Eversheds, Cripps, and as chief executive of Thomson Snell & Passmore. His appointment is part of a broader strategy to drive the firm's expansion.

Managing partner Sean Sanders expressed confidence in the firm's direction under Slater's leadership. "The legal sector continues to move rapidly, and these additions mean Thackray Williams is well positioned to significantly grow within the evolving landscape and changing client needs," Sanders said.

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