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20th July 2017
CTS, the cloud provider for law firms, is on track to achieve 45% growth for the year ending December 2017 enabling the company to have achieved an average of 50% growth per annum for each of the last five years.
This also puts CTS in a strong position to reach their £10m revenue target by the end of 2019. CTS has pursued a focused organic growth strategy to win larger law firm clients across the UK and has signed a number of Top 200 firms this year, including NE firm Langleys Solicitors, SW-based Stone King and London headquartered MW Solicitors.
With offices in the North West and London, CTS is the only hosted provider dedicated to law firms and MD, Nigel Wright says it is this focus which has helped drive growth.
“We have a clear strategy which is focused on delivering hosted infrastructure services to large and mid-tier law firms across the UK and Ireland. Law firms want to work with an experienced partner who understands their complex data, compliance and cyber requirements. We feel we are uniquely placed to enable firms to deliver flexible and secure IT systems which enhance staff productivity and exceed client expectations. Our laser focus has delivered a brilliant start to the year and we’re confident we will achieve our stated 2017 growth target aided by an 80% recurring revenue rate and a 95% client retention rate.”
CTS have continued to expand right across the British Isles this year having signed Northern Irish firm Wilson Nesbitt Solicitors and North West based MSL and S&G Response.
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