Muckle achieves record-breaking financial growth for fourth consecutive year

Leading commercial law firm Muckle LLP is proud to announce another excellent financial year.

For the fourth consecutive year, turnover has improved, reaching more than £19 million, which represents a 12 per cent increase and a profit of more than £5 million.

In addition to being the fourth consecutive increase in the firm’s turnover, it is the third time in four years the firm has achieved double-digit growth.

Key growth areas

Muckle has experienced growth across all teams in the business.

The firm’s investment plans executed in previous years have begun to pay off, with the highest increases in its agriculture, rural estates and private client team (27 per cent) – where much of which has been growth in the team in Cumbria – in its construction team (20 per cent) and in its national debt recovery practice (17 per cent).

With its successful appointment to several public and third-sector panels in the 2024 financial year, Muckle has also continued to grow its public sector work and its sports, education and charities team (16 per cent).

People progression

Muckle’s success is down to its investment in recruiting, engaging and developing the best people.

In the year, the firm added nine colleagues to be a 200-plus-strong firm, and made a number of promotions across its disputes, commercial and corporate teams.

The firm’s internal succession plan has continued to be a key factor in its success.

Muckle promoted four partners to equity partner on April 1, and appointed Anthony Evans as managing partner.

Anthony, previously head of corporate finance, has taken over from Jason Wainwright, who leaves a strong business and leadership team, as well as a legacy of sustainable business growth within an award-winning culture and workplace.

A force for good

Following its B Corp accreditation, Muckle continues to deliver its strategy to be a “force for good for its people and communities”.

It has made grants of £46,000 to more than 30 charities, a 39 per cent increase from last year.

This includes repeat, impactful donations to Teesside’s Clean Slate Solutions and Carlisle Key, in Cumbria.

The firm has also continued to expand its reach with new grants to Choyzez and The Country Trust, which operate in Northumberland.

Volunteering is a key element of Muckle’s community strategy; all of its people have two paid volunteering days a year to support local causes.

Engagement in volunteering has increased year-on-year, examples of which include litter picking in local parks, painting, helping young people and food bank donations.

Strong performance

Managing partner Anthony says: “We are delighted with how we’ve done over the last year.

“We have a fantastic and engaged team, in addition to having great clients.

“Our financial performance also reflects our great culture, the investments we have made and our long-term strategy.

“By having a well-communicated vision and five-year plan, we have been able to set clear goals, which our team has done a fantastic job in achieving.

“By ensuring we grow sustainably, keeping to our culture and values, we will be successful for our clients, team and our communities.

“It’s an exciting time for the firm, as we are now in the last year of our current five-year plan, and just about to launch our plan for the next five years.”

The future’s bright…

The year ahead is poised to be one of significant investment and further growth, and it is already off to a strong start, with growth in turnover and people.

 

Muckle LLP

To learn more about Muckle and how its expert services could help you, visit www.muckle-llp.com

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