Client wins in Manchester help national law firm to top £92m revenue
National law firm Mills & Reeve has enjoyed another record year with turnover rising to £92.6m – an increase of 8% on last year.
The firm says it comfortably outperformed the average 4.6% growth of the other top 100 UK law firms.
In Manchester, the office has been fuelled by a series of big client wins and record number of transactions for the corporate and real estate teams.
The corporate team has had an excellent year, advising on deals worth more than £200m.
Transactions include the acquisition of a specialist online blinds retailer by international window coverings manufacturer, Hunter Douglas, and advising a media and entertainment group on an extensive ‘buy and build’ festival strategy involving the acquisition of nine music festivals.
The real estate team has also had a bumper 12 months advising on several deals including the £33m disposal of a major hotel development in London Docklands and the £26m sale of the Holiday Inn Express in Manchester.
Winning work from the Information Commissioner’s Office has also boosted the firm at a time when data protection is high on the agenda for most organisations
Niall Innes, head of the Manchester office, said: “It has been an excellent year in terms of client wins across the board and we are actively looking to recruit lawyers at all levels, particularly in the corporate, commercial and real estate teams, to meet client demand.
“There have been strong performances across our private client and commercial teams. We have ambitious growth plans for the Manchester office and look forward to further strengthening our teams in the coming year.”
Justin Ripman, Mills & Reeve senior partner said: “We set ourselves some ambitious targets and are delighted to have achieved such significant growth. We are proud to be the only law firm in the UK top 100 to have consistently grown profit and turnover each year since 2002 – safely navigating the 2008 financial crisis in the process.
“Despite the current uncertainty in the market, with the triggering of Article 50 and recent General Election, we are optimistic that we will continue to grow the business and the recent merger with London law firm Maxwell Winward is evidence of this. Our commitment to creating a collaborative culture that focuses on core markets and sectors, means we can deepen our client relationships and deliver commercial, focused, sensible advice.”
