The leading North East law firm for businesses has reported an impressive 65% rise in profits and increased turnover for year ending April 2016.
In accounts filed at Companies House, Muckle LLP also saw turnover increase from £11.5m to £12.1m and profit rise by £1m to £2.6m.
Managing Partner, Jason Wainwright, said: “Whilst naturally delighted with our latest results, we remain vigilant of the local and national economic uncertainty. We saw a reduction in work levels as a result of a slow-down in the economic climate after the Brexit vote in Q1 and Q2 of the current financial year which we expect to influence our 2017 year-end performance and results.
“However despite the on-going uncertainty in the market place we have seen a sharp increase in work levels since September and are experiencing some good successes and key client and work wins.
“Our Corporate team continues to top the North East rankings for business transactions over £500,000. We were also delighted to be awarded ‘Regional Law Firm of the Year’ at the Solicitors’ Journal national awards in 2016 and we are also pleased to see particularly strong performances from our dispute resolution and social housing teams.
“We have also been buoyed by the first in a series of our ‘State of the Region’ business forums we hosted with the North East LEP which was attended by over 100 businesses and was an invaluable opportunity for us to listen to the collective issues and concerns regarding the present economic and political climate from the North East business fraternity.”
Muckle LLP is a leading commercial law firm for businesses, based in Time Central, Newcastle upon Tyne, employing 146 people, including 28 partners with a turnover of £12.1m.