Law firm Mills & Reeve reports double digit increase in turnover in latest financial results

A spokesman said: “As a result of the strong financial performance the firm announced a record all staff bonus pool of £2.6m, meaning staff received between £2,327 and £2,676 depending on length of service.”

In Leeds, fee income at the office was up 19 per cent on the back of client wins and lateral hires.

Paul Johnson, head of the Leeds office, said: “It has been an excellent year which has seen all our teams produce a strong performance.

“We have continued to boost our presence in the regional market, advising some of Yorkshire’s most active industry consolidators including VetPartners.

"Our activity in key sectors such as technology, life sciences and healthcare has been boosted by client wins including UK Infrastructure Bank, which is based in Leeds, and Leeds-based deep-tech firm Optalysys, whose pioneering technology is building the computer chips of the future.

“As our portfolio of local, national and international clients continues to increase, we are actively recruiting at partner level across many disciplines including corporate, commercial, real estate and regulatory to meet growing demand, and we look forward to make several appointments in the near future.”

Commenting on the financial performance, Claire Clarke, Mills & Reeve’s managing partner, said: “We’re very pleased to have achieved 12 per cent growth in the current economic climate. Our overall strategy to be a leader in the four key areas of client experience, people experience, innovation and the sectors and markets we operate in, has helped us achieve this.

“We consider it a crucial part of our culture to share the firm’s financial success with all our people. Everyone contributes to the growth of our business in different ways and our all staff bonus is a great way to recognise this. This has been a particularly successful year for the firm, and our bonus is a way of thanking everyone across the firm

for their hard work towards achieving, and beating, our growth target. "