Shoosmiths axes 86 in restructure plans as turnover falls

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  • Shoosmiths is a well managed firm with talented staff - I wish their results reflected this. Good luck to everyone leaving the firm. Having been made redundant from Shoosmiths in 2010 I can confidently say that there are lots of new opportunities awaiting you.

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  • Shoosmiths have been a dominant player in the bulk PI market for years. They have reinvested profits in slick case management systems and have adapted as the industry has been squeezed to ensure that the work has been profitable, even if it meant a 'stack 'em high' approach to retain profitability.

    The fact that a firm so rooted in bulk PI cannot foresee any profitability once the costs changes are implimented is a damning indication of how finely balanced profitability will be in this area.

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  • Shoosmiths is a firm which has been excellent at self promotion. Fact is, it is at the bottom of the mid market and suscepitble to price competition from better mid market firms.

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  • Lower market squeeze.

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  • Redundancy can often mean a beginning rather than an end.
    I recently put together a short blog about redundant lawyers using the redundancy experience to improve their life-styles.
    http://redundant-lawyer.blogspot.co.uk/

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