Law firm posts record turnover of £114m
National law firm Mills & Reeve, which has a base in Leeds, has enjoyed a solid year of growth with turnover rising to £114.1m – an increase of 2.9% on last year.
The firm says it demonstrated a strong financial performance, despite a challenging last quarter that ended in May. It has announced an all staff bonus of around £1,000 for every employee depending on length of service.
The bonus is pro-rated for part-time employees and staff who have been with the firm for less than a year.
Mills & Reeve says it was able to “seamlessly” migrate nearly 1,000 employees from the office to working from home within 24 hours of the first Government request to do so.
In Leeds the company reported a 10% rise in fee income following organic growth and new client wins across all practice areas.
Commenting on the last 12 months, Claire Clarke, Mills & Reeve managing partner, said: “It’s easy to forget the months before lockdown and focus instead on how we meet the challenges and opportunities presented by the pandemic but I am enormously proud of everyone in the firm and what we have achieved throughout the year.
“Our growth last year has, without doubt, been affected by the Coronavirus pandemic impacting our final quarter.
“Undaunted, we have worked incredibly hard maintaining our commitment to and delivering for, our clients.
“We are responding to the challenges through new ways of working, maintaining our culture and commitment to our people as a great place to work and continuing to invest in technology and infrastructure.
“Whilst we remain in challenging times this has put us in a really strong position as we launch our 2025 strategy, outlining our ambition to become a leader in client experience, innovation, talent development and in the sectors and markets in which we operate.”
Philip Way, head of the Leeds office added: “Mills & Reeve and the Leeds office have had a very good year and our plans for the year ahead are exciting.
“Covid-19 has presented challenges for businesses in every sector. Everyone in the office has pulled together to work round the obstacles presented by the virus in a way which has made us all very proud.
“We look forward to adapting further with our clients over the course of the forthcoming year.”