Mills & Reeve announces positive year end financial results

National law firm Mills & Reeve has announced positive annual financial results for the year ending 31 May 2010.

Guy Hinchley

Turnover across the firm rose to £67.3 million, an increase of 1.1 per cent from last year’s £66.6 million.  In Birmingham, where the firm employs more than 200, turnover increased by 1.3 per cent to £18.1 million.

During the past financial year the firm has also expanded the partnership with partner promotions and lateral hires across its corporate, private client and insurance practices. In line with previous years a staff bonus has been awarded across the offices to all employees who have been with the firm for at least a year, although this year’s has been increased by 65 per cent from last year’s.

Guy Hinchley, managing partner, said: “This is a strong performance for the firm. We continue to expand in line with our 2012 business plans and, as in previous years, instead of taking more profits we have decided to share the benefits of our success across the whole firm in order to reward the hard work and professionalism of our employees in very difficult economic circumstances.”

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