David Jackson

The firm, which has offices in Edinburgh and Glasgow, saw a six per cent jump in revenue, up to £206.7 million from £194.1 million last year.

The firm’s profits also climbed to £66 million, a five per cent increase from last year’s £62.7 million. Profit per equity partner (PEP) rose by 16 per cent to £781,000 from £676,000 last year.

The firm’s corporate and litigation departments both experienced double-digit growth, at 15 per cent and 12 per cent 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.”