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This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
Mills & Reeve has boosted turnover by 20 per cent at the midpoint of its financial year.
The firm's turnover for the first six months of the 2006-07 financial year stood at £28.3m, up by a fifth on the £23.5m figure for the same period in the previous year.
Birmingham managing partner Guy Hinchley, who takes over from incumbent Mark Jeffries as firm managing partner in March, said: "Happily this is both from new clients and old favourites and all four offices are doing well - there are no black books or particular highlights."
Hinchley added that the rise also reflected the success of investments made in the past two years, such as the firm's six-lawyer family law team.
Hinchley predicted an overall increase in turnover of 15 per cent for the 2006-07 financial year. However, he declined to predict an average profit per equity partner (PEP) figure, saying: "I'm not sure what we're going to have off the bottom line [at financial year-end]. It's harder to predict where PEP's going to go."
As first reported by The Lawyer (17 July 2006), Mills & Reeve's turnover rose by 22 per cent during the 2005-06 financial year-end, rising from £40.4m to £49.1m. In the same period PEP rose by 11 per cent to £253,000 from £226,000.