We’re pleased to announce a record turnover of £181m

Over the 2024/25 financial year we saw a turnover growth of £13 million, resulting in a new high annual turnover of £181 million.

 As in previous years, staff have shared in this growth through the annual all-staff bonus. This year's bonus pool, which is directly linked to profit and varies each year, was £1.4 million, meaning the majority of staff received a bonus of at least £1,000.

The strong financial results follow another successful year which has achieved several significant milestones and embarked on a range of exciting projects, including:

• Major investment in 21 new partners over the last 12 months, including nine lateral hires and 12 internal promotions.
• Strengthening business services to help support the growth of the business, including the arrival of Rebecca Bell as General Counsel in November this year.
• Recent investments in the Birmingham, London and Leeds offices.
• Increased Fearless Feedback scores with 90% of clients saying they would recommend the firm, getting closer to the 2030 target of 95% client recommendation.
• A refreshed set of values after consulting with more than 750 staff.
• Strengthening our international offering to clients and re-branding to M&R Global, with the aim for 40% of all work to have an international element by 2030.
• Seeking to drive success through technology by rolling out CoPilot, Kira and other AI solutions across the firm while continuing to look at additional GenAI tools to support lawyers and business services. Nine new AI solutions have recently been piloted across the business as part of an ambitious programme of driving technology-enabled client service improvements.
• Having been ranked for 20 consecutive years in Best Companies to Work For, we’ve now been ranked in The Sunday Times’ Best Places to Work Awards Best Big Organisations for the last two years.
• Official validation of our science-based targets by the SBTi, confirming our near-term and net-zero ambitions align with the 1.5°C pathway. This marks a major milestone in our commitment to climate action.
• Funding impactful initiatives at our Small Woods partnership, including community woodland projects, tree nursery development and mental health recovery programmes. These efforts reflect our commitment to social wellbeing, aligning with our broader sustainability goals.

Managing partner, Claire Clarke, said: "This is a strong performance in the face of challenging market conditions. We’ve continued to invest in our people, technology and offices to push forward with our ambitious 2030 strategy.

“We’re only a year into our strategy and have already seen strong progress towards our key target areas of putting clients at the heart of our business, being a leader in our sector and markets, driving success through technology and being a leader in people experience. 

“While we continue to do business in uncertain times, we have a strong, well balanced, firm with exciting opportunities across the key sectors and markets we operate in. We remain confident in our strategy, strong culture and passion in delivering for clients.”