Position: 28 h
Firm: Shoosmiths Turnover: £103.4m
Profit per equity partner: £327K
Earnings per partner: £174K
Equity spread: £240K-£336K
Net profit: £12.4m
Profit margin: 12 per cent
Revenue per fee-earner: £146K
Revenue per lawyer: £297K
Revenue per partner: £994K
Revenue per equity partner: £2.59m
Total number of fee-earners: 707
Total number of qualified partners: 348
Total number of partners: 104
Total number of equity partners: 40
Total number of female partners: 32
Total number of female equity partners: 7
Total number of staff: 1,481
Leverage ratio (equity partners/fee-earners): 1:7.7
INTERNAL PROMOTIONS
2006-07: Real estate 1, corporate 3, litigation 2
2005-06: Insurance 4, real estate 4, employment 2
2004-05: Real estate 3, construction 2, litigation 2, insurance 1, employment 1, corporate 1
LATERALS
2006-07: Real estate 2, corporate 3, construction 1, personal injury 1, tax 1, litigation 1, finance 1, employment 1
2005-06: Corporate/commercial 3, real estate 1, IP 1, private client 1, employment 1, shipping 1, litigation 1
2004-05: Corporate/commercial 2, real estate 2, insolvency 1, pensions 1, health/safety 1
Intake as percentage of partnership: 28.3
New female partners as percentage of intake: 23.5
Equity structure: 40 equity partners, 20 non-equity
Practice area(s) most heavily promoted: Real estate-related, corporate/commercial
*Figures supplied relate to the calendar year
Shoosmiths is a firm that is not afraid to add to its partnership, and if you are a commercial property or corporate lawyer – especially one based in Birmingham or Reading – your chances of promotion are high – unlike colleagues in the IP/IT, marine, personal injury or private client teams. Over three years the firm has made up 26 partners, 10 of whom were in property-related disciplines. This compares with 27 lateral hires, six of whom were in property-related sectors and eight in corporate/commercial.
- Web: www.shoosmiths.co.uk
- Telephone: 0870 0863 000
- Fax: 0870 0863 001
- No. of Trainees: 36
- No. of Trainee Vacancies: 20
- Training contract application deadline: 31-Jul-08
- Selection
- Individual interview: Yes
- Panel interview: No
- Assessment day: Yes
- Psychometric test: No
- Written exercise: Yes
- Presentation: Yes
- No. of Seats:
- Opportunities Abroad: No
- Vacation Schemes
- No. placements: 35
- Summer vacation scheme application deadline: 29-Feb-08
- GDL/CPE Intake: Given equal consideration
- GDL/CPE funding
- Fees: £12,000 to be split between fees and maintenance
- Maintenance: N/A
- LPC funding
- Fees: £14,000 split between fees and maintenance
- Maintenance: N/A
- Salary/benefits
- Start: £24,000
- Qualification: £38,000
- Season ticket loan: Yes
- Healthcare: Yes
- Pension scheme: Yes
- Life assurance: Yes
- Bonus scheme: No
- Gym membership: No
- Subsidised lunch: No