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Posted on December 8, 2016 by staff

Fast growth for law technology provider Converge TS

Law technology provider Converge Technology Specialists has exceeded its growth targets in 2016.

The firm has also won major new clients and announced the opening of a new City of London office.

Revenues rose an impressive 62 per cent to £4million this year on the back of an increase of 50 per cent in 2015.

This year has been the fourth in a row of 50 per cent-plus growth.

Converge now plans to achieve £10m turnover by 2019 based on an organic growth strategy.

Nigel Wright, founder and managing director, said: “Opening our new City of London office is an important step in both supporting our growing South-east based clients and in strengthening our relationships with partners, referrers and industry bodies.”

The company, which celebrated its 10th anniversary this year, provides hosted and managed IT services to law firms.

Wright added: “We remain focused on delivering one service to one sector, and we deliver it really well.

“Our focus on law firms means that our experience and expertise are second to none, and our excellent reputation for client delivery continues to grow.

“We’re delighted to be providing services to some of the leading law firms in the country and helping them to drive the productivity and profitability gains achieved through improved technology use.

“Our robust business model, based on an 80 per cent recurring revenue rate and a 95 per cent client retention rate, enables us to develop the business to meet our future growth plans.”

Converge TS has significantly expanded its client base throughout the UK this year with wins in Scotland, Northern Ireland and the South East of England.