Profits at Shoosmiths rise 16 per cent to £76.6m
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David Jackson
Shoosmiths has announced record financial results for the 2024/25 financial year, with profit per equity partner (PEP) exceeding £1 million for the first time – a 30 per cent rise on last year.
Net profit increased by 16 per cent to £76.6m and revenue grew five per cent to £217.2m, marking a decade of continuous growth.
The firm has awarded around £3.5m through its firm-wide collegiate bonus pool this year. All 1,300 eligible staff will receive a five per cent salary bonus next month in recognition of their contribution to the firm’s continued momentum.
David Jackson, CEO of Shoosmiths, said: “I’m so proud that the hard work and dedication of our people has translated into fantastic outcomes for our clients and an amazing financial performance for our firm. We’ve been super clear about where we think we can add most value to our clients, and as a result they’ve trusted us with more of their business-critical work in those areas.
“The results speak to the power of staying focused on what matters, not chasing growth for growth’s sake, and backing ourselves to deliver outstanding results. Our challenge now is to build on this momentum, to stay ambitious, stay curious and keep finding better ways to support the people and businesses we serve.”
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