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Business & Economy

Muckle sets sights on further growth after record profit and turnover

A law firm says it has “the foundations to face future challenges and go from strength-to-strength” after posting financial highs.

Muckle registered record annual profit and turnover in the year to March, with the latter rising 15 per cent to £14.3 million.

Its agriculture and rural estates team, established in 2019, saw 72 per cent growth, with its construction team enjoying 30 per cent growth, and its corporate and real estate teams chalking up six per cent and eight per cent increases, respectively.

And bosses at the Newcastle-based firm say the figures, released today (September 29), leave it well placed to continue moving forward, with first quarter turnover already 11 per cent better off than 2021.

Jason Wainwright, managing partner, said a significant element of its success was its investment in people and infrastructure.

He said: “Our adaptability, innovation and our people’s hard work and commitment and the loyalty of our clients have been instrumental.

“As we close a quarter with inflation reported at ten per cent, the region faces significant challenges, but we have made a strong start.

“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.”

He added: “I have always believed clients have better experiences when they deal with happy people who feel valued.

“We focus a lot on trying to improve colleagues’ mental and physical wellbeing, and cultivating a strong sense of purpose.

“It’s important 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.”