Increased client demand leads to record turnover and above average growth for Mills & Reeve

Published on
2 min read

The firm's 2015/16 financial results have confirmed a record turnover of £87.2 million, an increase of more than £5.5 million from last year.

The firm, which employs more than 900 staff across six UK offices, enjoyed a 6.8 per cent increase in turnover, comfortably outperforming the 5.4 per cent average growth of the UK’s top 100 firms. 

As a result of the strong financial performance the firm also announced the largest ever all staff bonus pool of £1.28 million equivalent to 5.2% of the firm’s salary bill. 

Claire Clarke, Mills & Reeve managing partner, commented: “We are delighted by this strong financial performance which was achieved through growing demand for our services over the last 12 months. It’s also a great tick in the box in terms of our 2020 firm strategy with one of our key objectives to grow faster than the top 100 average.” 

"We are confident despite the uncertainty created by Brexit we can build on this growth in the current financial year. We are already having some positive meetings with clients exploring some of the opportunities arising out of Brexit and working with our relationship firms across the world to discuss the implications for their clients in relation to their UK based businesses, or overseas investors seeing the weakness of sterling as an investment opportunity.” 

“The current economic climate makes it even more important to pull together as part of our collaborative culture, to focus on core markets and sectors, to deepen our client relationships and above all to make sure we deliver commercial, solution-focussed, pragmatic advice which is tailored to our clients’ needs.” 

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