David Jackson

The firm saw a 6% jump in revenue, up to £206.7 million from £194.1m last year. Its profits also climbed to £66m, a 5% increase from last year’s £62.7m. Profit per equity partner (PEP) rose by 16% to £781,000 from £676,000 last year.

The firm’s corporate and litigation departments both experienced double-digit growth, at 15% and 12% respectively. Real estate remained broadly flat against the 2022/23 results, attributed to the sector’s challenging market conditions of persistent inflation and a 15-year high in interest rates.

David Jackson, CEO of Shoosmiths, said: “Our financial results are the direct outcome of focusing on and executing our strategy.

“We’re continually enhancing our client relationships, expanding our portfolio to include more complex, high-value work, and nurturing our culture.

“I’m proud of everything we’ve achieved whilst making significant investments in our people, technology, and infrastructure, all of which provide a strong platform for Shoosmiths’ success today and in the future.”