Mills & Reeve and Fieldfisher have both expanded the scope of their bonus awards after posting strong financial results for 2017-18.

Mills & Reeve, which took in record revenues of £106.3m during the year, up 14% on 2016-17, has increased the size of its bonus pool to £2m – equivalent to 7% of the firm's salary bill.

As a result, each member of full-time staff who has been with the firm for at least a year will receive a bonus of £2,273.

The firm said that 41% of last year's turnover growth could be attributed to last June's merger with London law firm Maxwell Winward.

Managing partner Claire Clarke said: "One of the key objectives of our 2020 strategy was to achieve £100m turnover, and the fact that we have realised it two years early is testament to the success of our collaborative culture. Everyone at Mills & Reeve contributes to the firm's success and therefore it is only right that our people get to share in this with the largest-ever all-staff bonus."

Meanwhile, Fieldfisher, which last month posted a 24% turnover increase to reach a new record high of £207m, is offering all employees, including non fee-earners, a discretionary bonus.

Fieldfisher already awards standard fee-earner bonuses to staff based on performance, as well as a discretionary bonus for those bringing in new clients to the firm, but the move to extend bonuses to non-fee earners is a new development for the firm.

The firm, which has grown rapidly in recent years, also saw profit per equity partner increase 17% to £750,000 during the year, which included launches in Luxembourg and Frankfurt, as well as a tie-up with Belfast consultancy Donaldson Legal Consulting.

This March, Fieldfisher also teamed up with legal process outsourcer Integreon in a deal that handed the firm greater scope to tackle large-scale routine work for clients facing challenges presented by issues such as the General Data Protection Regulation.