Posted on Dec 17, 2013 in Firm News
Thorntons has seen encouraging results in the past financial year, as turnover increased by nine per cent. Thorntons has seen encouraging results in the past financial year, as turnover increased by nine per cent.
The legal and investment services organisation, which has offices in Dundee, Perth, Edinburgh, Arbroath and Forfar has reported its turnover stands at £14.4million, compared to £13.2.million in 2012.
Thorntons has also reported a 4% per cent rise in operating profits and profit before members’ remuneration which rose to £2.7million.
Thorntons was established in 1857 and provides a complete range of services to business and personal clients, including property, investment services, technology, media, land and rural and employment.
In December 2011, the firm appointed its first ever joint managing partners, Craig Nicol and Scott Milne, who have developed a strategic five year plan to develop and grow the business.
Speaking on behalf of the partnership, Craig said: “Our financial results for the past year are extremely positive and encouraging. Following our appointment, Scott and I were keen to devise a business plan that would help develop the business in certain key areas and the figures demonstrate that we are on the right track. We have taken on three new partners this year - two in Edinburgh and one in Dundee - as well as making a number of other senior appointments.
“These results have allowed us to invest in key areas, particularly our teams in investment services, intellectual property, technology and media, private client and agriculture. The level of investment the firm has made in our people, technology, our systems and processes will stand us in good stead for the future, and we are already seeing the benefits of those investments bearing fruit