Mills & Reeve turnover exceeds £100m for 2017/18 after 14% increase

National law firm Mills & Reeve saw turnover rise to a record £106.3m for 2017/18, an increase of 14% on the previous financial year.

The firm has announced a £2m all staff bonus pool, its largest ever and equivalent to 7% of its salary bill.

This equates to a bonus of £2,273 for every full time employee who has been with the firm for at least a year, it said.

The results benefited from a merger with London law firm Maxwell Winward in June 2017, which accounted for 41% of the turnover growth.

Claire Clarke, managing partner at Mills & Reeve, said: “We are delighted by this strong financial performance which was achieved through the hard work of our people in delivering the expertise, service and results that our clients demand.

“One of the key objectives of our 2020 strategy was to achieve £100m turnover and the fact that we have realised it two years early is testament to the success of our collaborative culture. Everyone at Mills & Reeve contributes to the firm’s success and therefore it is only right that our people get to share in this with the largest ever all staff bonus.”