The Legal Cheek View
For a mid-tier largely regional firm TLT punches well above its weight for training and quality of work. This is largely thanks to an ethos that encourages young lawyers to take on high levels of responsibility – and the strong scores recorded by the firm in the aforementioned categories in the Legal Cheek Trainee and Junior Lawyer Survey suggest that it is getting the balance right in the way its rookie are reared. Expect plenty of client contact if you begin your career here, insiders tell us.
It’s an approach that is clearly working financially, with revenue up at TLT by 15% this year following an 8% rise in 2014-15. The firm's profit per equity partner now stands at £225,000.
Much of the slightly quirky way in which TLT operates stems from the leadership of longtime managing partner David Pester. One of the most respected legal bosses in the business, he has transformed his firm from a relative unknown into a major law brand since he took the helm way back in 2002. TLT now has seven offices, including a City of London base near St Paul's, the headquarters in Bristol and an overseas outpost in the Greek port of Piraeus.
Pester’s formula partially works by undercutting leading City firms on the less glamorous aspects of banking transactions, which he then hands to his teams of enthusiastic youth in Bristol, Manchester, Belfast, Edinburgh and Glasgow. But TLT also has major real estate, employment and general commercial practices that serve a mixture of local and national clients. Star clients include Barclays, the BBC and EDF Energy.
Perkwise, unless you are particularly enthusiastic about animals, there are better places to be (free entry to Bristol Zoo is the firm’s headline freebie). There are no international secondments, coffee machines or canteens, and the Bristol building is famously retro (although is currently undergoing a major refurbishment). And there are other regional firms with better work/life balance. But TLT seems to get the important stuff right.