Leading regional law firm Muckle LLP has reported record-breaking financial results for the third consecutive year. Here, Jason Wainwright, managing partner, reflects on this success and lays out the firm’s plans for the future.
Muckle has announced another year of outstanding performance.
The firm achieved its third consecutive year of record-breaking turnover and profit, reporting a turnover of just over £17 million, a solid 4.5 per cent increase, and a profit of more than £4.2 million, an 11 per cent increase, for the financial year.
Managing partner Jason Wainwright credits the firm’s continued success 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 its communities.
Key areas of growth during 2023/2024 included agricultural, rural estates and private client services, up by 11 per cent.
Corporate achieved record-breaking turnover with 11 per cent growth.
Dispute resolution was up by a remarkable 24 per cent, with employment growing by 21 per cent.
The firm also secured several regional and national public sector appointments, including its re-appointment 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 its 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 per cent, maintaining its commitment to sustainable and responsible growth.
As a B Corp Certified™ firm, Muckle continues to prioritise its social and environmental impact.
Through its Community Fund, managed by the Tyne and Wear Community Foundation, the firm proudly donated £33,060 in grants to community initiatives this year, reflecting its ongoing dedication to corporate responsibility.
Charities such as Clean Slate Solutions, in Teesside, and Carlisle Key, in Cumbria, have benefited from its financial and business support.
Firm-wide volunteering has increased further, with Muckle employees doing everything from packing food parcels at the Newcastle Foodbank to supporting charities in pro bono work – three of its solicitors recently featured on the Pro-Bono Recognition List 2024.
Jason says: “We are incredibly proud of our results this year.
“The continued growth across all sectors of our business is 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 longterm 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 per cent ahead of last year’s figures, Muckle is poised for another strong growth year in 2025.
The firm remains committed to investing in its people and local communities, and providing market-leading outcomes to clients across the region and beyond.
Muckle recently announced Jason will step down as managing partner on March 31, 2025, with Anthony Evans assuming the role from April 1.
This planned transition comes at a time of great success for the firm, with strong financial results and a strategic vision for continued growth.
November 15, 2024