TLT has announced record annual financial results for 2024/2025, with revenue rising to £187m, adding over 400% growth in turnover in six years in Scotland.
This exceptional growth reflects the success of TLT’s progressive vision of driving sustainable financial development through strategic investment in people, technology, and delivering a market-leading workplace of opportunity.
Strategic growth in Scotland
The firm has expanded its presence in Scotland, tripling its Edinburgh footprint with a move to the state-of-the-art New Clarendon building on George Street. This news space reflects TLT’s commitment to sustainability and wellbeing, with features designed to support neurodiverse colleagues, promote active travel, and enhance collaboration.
TLT also strengthened its footprint in Glasgow, expanding its workspace in Cadworks – one of the UK’s most sustainable office buildings – by providing an additional 60 desks and increasing headcount by 50%.
Investing in talent
In response to client demand, TLT has made significant investments in Scotland with key senior appointments including partners Colin Brown (Real Estate), Keith Anderson (Commercial Dispute Resolution), Euan Cluness (Banking) and Nick Shenken (Future Energy), alongside Legal Directors Barbara Mayne (Real Estate), Fiona Armour (Real Estate), and Katherine Doran (Project, Infrastructure and Construction). These additions have strengthened TLT’s capabilities across high-growth sectors such as financial services and future energy, reinforcing its reputation as a go-to strategic adviser for complex transactional and regulatory work.
Delivering for clients across Scotland
Growth in Scotland has been driven by a number of high-profile matters including advising:
- the Energy Saving Trust partnership to improve energy efficiency for UK Airbnb hosts
- the licensing for flagship events at the Murrayfield Stadium, including the recent Oasis concert
Further cementing its leadership in the clean energy space, TLT was ranked in the top ten most influential firms in clean energy M&A worldwide in Clean Energy Pipeline’s 2025 Clean Energy Legal League Table. The firm played a key role in enabling renewable energy deployment across the world. Nationally, this has included advising on the completion of 40 renewable energy projects, each of which is playing a key part in supporting the UK’s energy transition. In Scotland, these have included advising on global merchant Uniper on its securing of a 46.2 MW wind project from Energiekontor,
The firm’s Corporate team in Scotland has also led the way in employee ownership, advising on 75% of all Employee Ownership Trust (EOT) deals in the country in recent years, including acting for United Auctions on its transition to an Employee Ownership Trust (EOT). This transaction is believed to be the first agricultural EOT in Scotland.
One of the most innovative firms in Europe
After being named one of the most innovative law firms in Europe by the Financial Times, TLT has onboarded the latest integrated technologies across its national network – with Scotland playing a key role in the transformation. Central to this has been the introduction of Legora, the collaborative AI platform for lawyers, which has streamlined complex processes and enhanced efficiency for both clients and the firm. Spearheaded by TLT’s award-winning FutureLaw team, Legora is being rolled out to multiple teams across the firm, with a bespoke training and adoption programme.
A market-leading culture where ESG is actioned
TLT’s pioneering people strategy is embedded in Scotland and has been key to its success, driving inclusivity, diversity, and wellbeing.
Recent initiatives have included a target for 50% female partners by 2029, becoming Founding Partners of Family Friendly Workplaces and partnering with Women’s Health Charity ‘Wellbeing of Women’ and the introduction of a neurodiversity support package This commitment was recognised with TLT being named a Top 50 Employer for Gender Equality by The Times for the third consecutive year.
TLT’s Glasgow and Edinburgh offices have played a key part in driving the firm’s national sustainability strategy, which includes securing a B score from CDP for actions taken to tackle climate change, having its net-zero targets approved by the Science Based Targets initiative (SBTi) and achieving an 88% reduction in scope 1 and 2 emissions six years ahead of target.
John-Paul Sheridan, Partner and Head of Location in Scotland commented: “TLT’s record-breaking financial results are a testament to the strength of our strategy and the dedication of our people across the UK. In Scotland the momentum is evident. From moving to Cadworks, to triplng our footprint in Edinburgh, we’ve made bold investments that reflect our confidence in the Scottish market. We have been supporting clients on some of the most exciting and complex matters in Scotland, and we remain committed to growing sustainably and creating opportunities for our clients and our people.”
