All staff at national firm Mills & Reeve will pocket a share of a £3m bonus pot, it was announced today.
The firm reported record turnover of £168m for 2023/24, a 14.1% annual increase. Targets set for 2025 have been achieved a year in advance, the firm revealed. Profit figures were not disclosed.
Leaders have confirmed an all-staff bonus pool of £3m, meaning employees will each receive between £2,420 and £2,783 depending on length of service.
Managing partner Claire Clarke said: ‘Our growth is a direct result of the hard work and dedication of everyone at Mills & Reeve. We believe in rewarding our staff for their contributions, and I’m thrilled to announce this record bonus as a token of our appreciation.’
In the last financial year, Mills & Reeve took on 22 new partners, including 12 lateral hires and 11 internal promotions. It moved to a new Birmingham office and doubled its footprint in Leeds as staff numbers increased there by 25%.
The business has also trialled GenAI in contract analysis and drafting documents.
Meanwhile, as of June this year, the firm increased full maternity pay to 26 weeks, with paternity leave and pay extended to four weeks. Paid time is also available to attend adoption or antenatal appointments.
All employees affected by an early pregnancy loss, before 24 weeks, including partners and those in a surrogacy arrangement, are entitled to up to two weeks’ leave at full pay, regardless of length of service.
Clarke added: ‘As we look to the future, we remain dedicated to enhancing our systems and technology while making sure crucial issues such as sustainability and wellbeing remain at the top of the agenda.’
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