Shoosmiths reports record financial results with profit and partner earnings reaching new highs
Shoosmiths has reported its strongest financial performance to date, recording another year of record profit while maintaining profit per equity partner (PEP) above the £1 million mark for a second consecutive year.
The firm announced its latest annual financial results on 30 June, revealing record profit despite a slowdown in revenue growth following the sale of its serious injury business. According to Shoosmiths, the results reflect continued investment in its core legal practices and technology while maintaining its long-term strategic focus.
Shoosmiths said profit increased to a record level, while revenue growth was affected by the disposal of its serious injury practice. The firm stated that its strategy remains centred on strengthening its core business areas and delivering high-value legal services to clients.
The latest figures follow another strong financial year in which the firm first exceeded £1 million in profit per equity partner. During the previous reporting period, Shoosmiths recorded revenue of £217.2 million, net profit of £76.6 million and a 30% increase in PEP to more than £1 million, marking a decade of continuous growth.
Chief Executive David Jackson said the firm’s performance reflects its long-term strategy and continued focus on premium legal work across its chosen markets. He said Shoosmiths remains committed to investing in technology, innovation and its people while supporting clients on increasingly complex legal matters.
The firm’s corporate practice continued to play a significant role in its performance, advising on major domestic and international transactions during the previous financial year. Shoosmiths also highlighted strong activity across its real estate and litigation practices as part of its broader business strategy.
Shoosmiths said its financial performance supports its long-term ambition to strengthen its position in the upper mid-market legal sector. The firm has continued to focus on expanding higher-value legal services while investing in digital capabilities and operational efficiency.
The latest results reinforce Shoosmiths’ sustained period of growth, with the firm continuing to report record financial performance while maintaining profit per equity partner above the £1 million threshold for a second successive year.