Shoosmiths’ national commercial recoveries team was recognised for the high quality of service it has provided to its commercial clients, and its innovative and alternative service offering.

Karen Savage, recovery services group (RSG) partner who leads the team with more than 25 years recoveries experience, said: “Shoosmiths’ commercial recoveries team is one of the largest and most respected in the UK, and continues to grow and develop. This is a huge boost for our profile, and really enhances Shoosmiths’ reputation in this area. We are delighted to be recognised with this highly regarded industry award.

“This award is testament to the hard work, dedication and passion for client service that our team demonstrates every day. This achievement provides us with a strong platform on which to build even further success.”

Shoosmiths won the award against strong competition from national rivals including DWF, Shulmans and Blaser Mills.

The judging panel, featuring high-profile individuals including Lesley Batchelor OBE, director general of the Institute of Export (IOE), and Sean Fest, director of Gravity London, commented: “Shoosmiths was a clear winner. It was an impressive entry from a stand-out company with tangible business results.”

The CICM is the centre of expertise of credit management, promoting excellence and best-practice achievement.

The annual awards celebrates the credit industry’s leading figures and acknowledges firms and individuals who have demonstrated exceptional expertise over the last year.