Mills & Reeve reports strong annual growth

The Birmingham office of national law firm Mills & Reeve has reported strong annual financial results, with turnover up by eight per cent.

In the year ending 31 May 2009, the Colmore Row based office, which last year celebrated its tenth year in Birmingham, increased turnover from £16.6 million to £17.9 million, representing the fifth consecutive year of annual growth. 

Nationally, Mills & Reeve’s turnover was £66.6 million, an increase of seven per cent from last year’s £62.5 million. Firm-wide profits rose by eight per cent to £22.2 million.

In line with the robust financial results, the firm has made strategic promotions and announced several lateral hires across its healthcare, real estate, private client and insurance practice groups. A staff bonus has also been awarded across the offices to all employees who have been with the firm for at least a year.

Guy Hinchley, Mills & Reeve managing partner, said: “Our sound financial results reflect the hard work, dedication and diligence of our employees in achieving growth this year, despite the challenges provided by the wider economy. The firm continues to expand in line with our 2012 business plans. We could have taken more profit for partners but elected (as in previous years) to share the benefits of our success more widely.”

Mills & Reeve burst onto Birmingham’s legal scene in 1998 with the opening of an office in Edgbaston.

The firm originally employed just 77 staff and specialised in public sector work. Since then it has grown rapidly and in 2005, in order to accommodate its expanding workforce, it relocated into the heart of the city’s legal and financial district, where it is currently based at 78-84 Colmore Row. 

Today, the office employs more than 200 staff, including 20 partners and almost 100 other fee earners.

Mills & Reeve has been listed in the Sunday Times 100 Best Companies to Work For for the sixth consecutive year.  

ENDS

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