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Home Latest

Record-breaking results for northern law firm

Business Crack by Business Crack
October 2, 2024
in Latest, News
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Mike Smith, of Muckle LLP

A northern law firm has reported record-breaking results for the third consecutive year.

Muckle LLP, a leading regional law firm in the North East and Cumbria, reported a turnover of just over £17 million, a 4.5% increase and a profit of over £4.2million, an 11% increase, for the financial year.

Managing partner Jason Wainwright said the firm’s continued success was due to an open, people-focused culture, a successful strategic regional growth plan, a steadfast commitment to clients, and acting as a force for good in our communities.

The firm said key areas of growth during 2023/24 included Agricultural, Rural Estates, and Private Client services, up by 11%; Corporate, achieving record-breaking turnover with 11% growth; Dispute Resolution, up by 24%; and Employment, growing by 21%.

The firm also secured several regional and national public sector appointments, including reappointment to the NEPO panel and new appointments to the North West Legal Consortium and Pagabo national framework for academy services. It also continued investing in key practice areas such as the Dispute Resolution, Construction, Sports, Education, and Charity teams. Despite inflationary pressures and significant investments in these areas, the firm successfully increased profit by just under 11%, maintaining its commitment to sustainable and responsible growth.

The firm has a community fund and donated £33,060 in grants to community initiatives this year, including to Carlisle Key.

Jason said: “We are incredibly proud of our results this year. The continued growth across all sectors of our business is a testament to the dedication of our excellent team and the strength of our client relationships.

“Despite economic challenges, we’ve been able to invest in our people and services, ensuring we remain at the forefront of the legal industry in the North East and Cumbria and have been able to increase our investment in our local communities, driving real, positive change.

“This year’s financial results demonstrate the success of our strategic investments and long-term planning. Maintaining strong financial health ensures stability for our clients and people as we continue to grow in 2025 and beyond.”

With turnover already 16% ahead of last year’s figures, Muckle said it was poised for another strong growth year in 2025.

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