Muckle LLP reports record-breaking financial results for third consecutive year
We're delighted to announce 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% increase and a profit of over £4.2million, an 11% 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 our communities.
Key growth areas
Key areas of growth during 2023/24 include agricultural, rural estates, and private client services, up by 11%; corporate, achieving record-breaking turnover with 11% growth; dispute resolution, up by a remarkable 24%; and employment, growing by 21%.
We also secured several regional and national public sector appointments, including reappointment to the NEPO panel and new appointments to the North West Legal Consortium and Pagabo national framework for academy services.
We also continued investing in key practice areas such as dispute resolution, construction, sports, education, and charity teams.
Despite inflationary pressures and significant investments in these areas, we successfully increased profit by just under 11%, maintaining our commitment to sustainable and responsible growth.
A commitment to responsibility
As a B Corp Certified™ firm, we continue to prioritise its social and environmental impact. Through Our Muckle Fund at the Community Foundation, we proudly donated £33,060 in grants to community initiatives this year, reflecting our ongoing dedication to corporate responsibility.
Charities such as Clean Slate Solutions in Teesside and Carlisle Key in Cumbria have benefitted from their financial and business support.
Firm-wide volunteering has increased further, with our people doing everything from packing food parcels at the Newcastle Food Bank to supporting charities in pro bono work – with three of our solicitors recently featuring on the Pro-Bono Recognition List 2024.
Jason commented: “We are incredibly proud of our results this year. The continued growth across all sectors of our business is a 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 long-term planning. Maintaining strong financial health ensures stability for our clients and people as we continue to grow in 2025 and beyond.”
Looking ahead to 2025
With turnover already 16% ahead of last year's figures, we're poised for another strong growth year in 2025. We remain committed to investing in its people and local communities and providing market-leading outcomes to clients across the region and beyond.
Find out more about our community work.