Text provided by the firm Shoosmiths LLP is unusual among its UK law firm peer group for steering its path to a £128million turnover largely through organic growth, rather than by mega-merger.
Text provided by the firm
Shoosmiths LLP is unusual among its UK law firm peer group for steering its path to a £128million turnover largely through organic growth, rather than by mega-merger.
For clients, this translates into a slick operation where teams are well integrated, and the right skills for a requirement can be focused on or scaled up easily. This impression of strong relationships of trust and teamwork at Shoosmiths is underpinned by a 20 year commitment to diversity and shared values.
Against this background is a sharp ambition to step into the vacuum that international competitors have left behind, and the firm has rapidly expanded its UK footprint to become one of today’s most ‘national’ firms, with a series of successful office openings in Birmingham, Manchester and Leeds, the acquisition of the Scottish firm ACH in 2012 and an opening in Belfast three years later. These extensions have been built on a historic base in the East Midlands dating back to 1845, together with the firm’s 30-year status as a regional heavyweight in the South-East. The firm may be onto something – their clients include a wide number of blue-chip names who clearly like a firm on their panels which is ‘not too small, and not too large.’
Client focus and commerciality are at the heart of the Shoosmiths service promise – the firm views itself as a service business and its lawyers and front line staff are genuinely encouraged to make a difference in a way that is relevant to each client.
The cultural imperative to “take initiative” (one of the firm’s 4 core values) has helped the firm to score many innovative firsts – “it’s something we just do, rather than something we talk about”. Shoosmiths was the first UK law firm to publish its fee income (1994), and the first law firm to be on twitter (2008). It has pioneered an innovative Risk & Reward pricing structure in collaboration with a major client, was the first UK law firm to publish its Gender Pay Gap figures (2017), has introduced a flexible ‘resource solutions’ suite for clients and in-house legal teams seeking a more tailored approach to contract legal services, and is likely to be ‘one to watch’ when it comes to delivering the new solutions enabled by legal tech.
Shoosmiths’ commitment to diversity is well-evidenced – a female CEO presided over its recent decade of growth, and the firm is regularly recognised in Diversity League Tables.
Whilst its own agile office network is centred in the UK, Shoosmiths regularly works with law firms with a similarly client-focused outlook in the jurisdictions where our clients do business – “where they go, we go”.
National awards from the last 12 months include: Legal Business National/Regional Firm of the Year 2018; EG Legal Team of the Year (2018); and Winner of the Legal 500 Corporate & Commercial Specialism of the year (Venture Capital).
In a rapidly changing legal environment, where markets, technology and new global risks continually re-set the client agenda, Shoosmiths is a law firm which combines innovation and resilience, in tune with the times.