Published: 00:00, 23 June 2017
| Updated: 08:52, 23 June 2017
Revenues at Thomson Snell & Passmore have broken the £20 million barrier.
The law firm, which has offices in Dartford and Tunbridge Wells, said its 8.5% increase in the year to June 5 was twice the market average.
Its turnover has grown 34% since 2014, with income in its commercial practice up 11%. Private client work grew by 7%.
Its profits for the period have not yet been revealed. Last year, it made just shy of £6 million before members of its limited liability partnership took their share.
Chief executive Simon Slater said: “These results are extremely encouraging in such an uncertain economic and political environment.
“They are all the more significant because our growth is entirely organic.
“The increased revenues from our commercial practice are in line with our ambitious strategy as we approach our 450th anniversary in 2020.
“To complement this, our private client team continues to position us as one of the pre-eminent private wealth firms in the South East and we expect this to continue next year.
“These results are extremely encouraging in such an uncertain economic and political environment..." - Simon Slater, Thomson Snell & Passmore
“It is testament to our ethos and values that we remain a valued advisor to our growing commercial and private client base, as we have done for generations.”
Commercial work now makes up 43% of the firm’s income after a stratefy to increase its prominence in Dartford.
In the private client sector – still its largest source of income – its court protection team managed “double-digit growth”.
Thomson Snell & Passmore is listed in the Guinness Book of Records as the oldest law firm in the world.
It traces its history to Nicholas Hooper, a curate of the Tonbridge Parish Church, who began writing wills and property bonds for the local community in 1570.
More by this authorChris Price