Leading regional, commercial law firm, Muckle LLP, has posted record results in turnover and profit for the year ending March 2022.
Muckle’s £14.3 million turnover represents a 15% growth.
Managing Partner Jason Wainwright, credits the success to Muckle’s ambitious growth strategy focusing on key investments in people and infrastructure: “Our adaptability, innovation and our people’s hard work and commitment and the loyalty of our clients have been instrumental in our success.
“As we close a quarter with inflation reported at 10%, the region faces significant challenges, but we have, however, made a strong start to the new financial year, with our first quarter turnover has risen by11% on 2021.
Muckle LLP has capitalised on firm foundations to deliver an impressive growth of 72% in the Agriculture and Rural Estates team established in 2019, 30% in the expanding Construction team as well as strong growth in its established Corporate and Real Estate teams with 6% and 8% increases respectively.
The firm’s Corporate lawyers also topped the regional Experian Merger & Acquisition tables for deal volume in Quarter 1, ranking 5th in the UK, and Muckle was recently named as the North East’s most active adviser for the first half of 2022.
Jason believes that the culture of Muckle LLP – with its focus on people, wellbeing and strong focus on client experience – has placed the business in good stead and played a crucial role in delivering one of its most successful years to date. He said: “I have always believed clients have better experiences when they deal with happy people who feel valued. We focus a lot of our efforts in trying to improve our colleagues’ mental and physical wellbeing and cultivating a strong sense of purpose.
“This was reflected in our Investors in People survey where we retained our GOLD status and were ranked 2nd in the world against law firms of the same size.
“It’s important that we also reward our people financially. In 2021, we initiated an employee profit-sharing scheme and this year that continued, with £174,000 paid out in 2022.
“Looking forward, we have developed robust plans to continue our desired growth trajectory with some exciting client wins and opportunities as well as key hires. We are confident that we have the foundations to face any future challenges and take our business from strength to strength.”