Leading UK law firm Mills & Reeve has broken through the £200 million turnover barrier for the first time after announcing 13.9% growth on the previous year. This took the firm’s turnover to a record £206.9 million for the 2025/26 financial year.
The firm’s Leed office has seen turnover increase by 23% for the 2025/26 financial year, growing by almost 50% in the last three years. The Mills & Reeve Yorkshire team has seen particular success across key sectors, with growth in private wealth, insurance, food and agribusiness, technology, and education.
Firmwide, Mills & Reeve has also announced an employee profit share pool of more than £3.25 million, meaning most employees will receive an award of at least £2,300. The employee profit share award directly links to the firm’s financial performance and forms part of Mills & Reeve’s long-standing commitment to ensuring its people share in the success they help create.
Alongside the employee profit share award, Mills & Reeve has also significantly increased investment in discretionary performance-related bonuses across the business, reflecting the firm’s continued focus on recognising exceptional contribution and high performance.
The firm’s latest results were delivered against a backdrop of continued economic uncertainty and geopolitical disruption. Despite these challenges, Mills & Reeve continued to push ahead with its ambitious 2030 strategy, including growing international work through its M&R Global network to 30% of total revenue, building out a completely new C-suite, and continuing its Fearless Feedback client listening programme, which has now interviewed more than 5,000 clients to gain vital insights to help build long term relationships.
In Yorkshire, the firm has also achieved several significant milestones and embarked on a range of exciting projects. These include:
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Continued investment in the growth of its people, with a stream of high-quality lateral hires and promotions in the region.
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Ongoing support in the regional community, including partnerships with local charities, such as Yorkshire-based Make it Wild. The Leeds team has renewed its partnership with the organisation, building on a relationship that began in 2025 as part of the firm’s ‘Achieving more for nature’s recovery’ initiative.
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Launching its annual Top Tech Yorkshire initiative – a comprehensive programme designed to accelerate growth and innovation in the region’s rapidly expanding tech sector.
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Further investment in the firm’s technology and operational capabilities. This includes AI and other technology initiatives which are already helping people work more efficiently, collaborate more effectively, and deliver even greater value for clients.Ellie Milner, partner at Mills & Reeve in Leeds, said: “These results demonstrate the strength of our strategy, the quality of our people and the trust our clients continue to place in us. Growing turnover by more than 11% in what remains a challenging economic environment is a significant achievement. We have continued to invest in the future of the firm while maintaining strong financial discipline and delivering outstanding service for our clients.“One of the things that makes Mills & Reeve special is our belief that success should be shared. The award of more than £3.25 million through our employee profit share this year is testament to that commitment, helping to make sure colleagues across the business benefit directly from the firm’s performance.“Looking ahead, we’re continuing to focus on delivering our 2030 strategy through our client experience, investment in our people, technology and market-leading sector expertise, while maintaining the culture and collaborative approach that differentiate us. The Leeds team will play a vital role in bringing that ambition forward, as we continue to support dynamic and exciting regional businesses, whether that’s through our leading M&A team, our hugely successfully food and agri-business team, or through our standout tech and private wealth sectors.”
Image provided by Mills & Reeve
