The Legal Cheek View
With offices in Milton Keynes rather than Manhattan, Southampton rather than Singapore and Basingstoke rather than Barcelona, Shoosmiths is sometimes overlooked by students when it perhaps deserves more consideration. This is no global megafirm, although it does have string of further city centre bases in desirable locations such as Manchester, Birmingham, Leeds and Edinburgh. Most importantly, it’s a very successful business. And unlike some sprawling law behemoths which have been struggling to make their model pay, Shoosmiths has been doing rather well lately, led by its real estate corporate, private client and personal injury staples.
Revenue has grown again this year, by 9% from £107 million to £116.7 million, in a third year of consecutive growth. Profit per equity partner now stands at £366,000, up slightly from last year. Trainees and associates who climb the ranks can hope to be healthily rewarded one day if they play their cards right.
In the meantime, they will receive decent training, with Shoosmiths scoring well in the Legal Cheek Trainee and Junior Lawyer Survey 2017-18 for quality and variety of work. Trainees are said to get “a good degree of responsibility” which rises as they win the trust of their superiors. In this, the firm’s “unstuffy vibe” seems to be very much a contributory factor, with a “non-hierarchical, friendly structure” engendering “lots of banter with the partners”. Still, life as a Shoosmiths trainee can be a “mixed bag”. One trainee gives an insight into the contrasts they’ve experienced: “In one seat I scanned for six months, [in another] I was the main point of contact for clients across several deals and negotiated various documents and felt like I learnt a lot. Generally, the latter made up for the former but there shouldn’t be this disparity across practice areas.”