New location contributes to record year

Mills & Reeve has announced a record turnover of £168 million for 2023/24 - a 14.1% increase. The firm’s fees grew by 14.6% surpassing ambitious targets set for 2025 a year in advance. 

The firm's culture of shared success is demonstrated by the highest ever all-staff bonus pool of £3 million, meaning staff received between £2,420 and £2,783 depending on length of service.

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

• Major investment in 22 new partners over the last 12 months, including 12 lateral hires and 11 internal promotions.
• Moving their Birmingham office to One Centenary Way, one of the city’s most sustainable and SMART buildings. 
• Preparing to double their footprint in Leeds as headcount rises by 25%.
• Trialling GenAI through contract analysis and drafting tools.
• Being recognised within the professional services sector as one of only 15% of firms who are considered at an advanced stage of client feedback with an 89% client recommendation score.
• Teaming up with client Albanwise Environment on the first step in an innovative, first of its kind partnership to transform a difficult to cultivate area of floodplain into a biodiverse wetland.
• Being listed in the Sunday Times Best Places to Work for the first time as one of the best big organisations, adding to Platinum Investors in People accolade.
• Increasing maternity and paternity pay.

Managing Partner, Claire Clarke, said: "Our growth is a direct result of the hard work and dedication of everyone at Mills & Reeve. We believe in rewarding our staff for their contributions, and I’m thrilled to announce this record bonus as a token of our appreciation.

“It’s been a year of significant strategic investments, including the addition of 22 new partners to the firm and a new Birmingham office. These developments not only contribute to the firm's growth but also reinforce our commitment to providing an exceptional environment for our people.

“As we look to the future, we remain dedicated to enhancing our systems and technology while making sure crucial issues such as sustainability and wellbeing remain at the top of the agenda, ensuring we remain a true leader in the legal marketplace.”