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.