Simon Boss, Shoosmiths CEO

Shoosmiths has posted modest revenue and profit rises of 7% and 6% respectively. 

According to the firm's financial statement for 2018-19, revenues are up to £137.6 million from £128.5 million, while profit equity partner (PEP) has edged up £7,000 to £441,000. Meanwhile, net profit is up 6% to £37.9 million. 

Despite a five-year growth run – which has seen the firm's top line improve by nearly £45 million – this year's rises represent a slight levelling off of last year's growth, which firm CEO Simon Boss attributes to several investments made throughout the year. These include moving to new offices in Milton Keynes, opening new spaces in Leeds, Belfast and Solent, as well as making 19 lateral hires and 13 internal partnership promotions. 

Boss added: "We're happy. We've had growth across the whole business. We've seen record turnover, record profit and record PEP. At the same time, we've continued to invest in people and tech. And we will continue to push on investment. 

"We've had really good quality domestic work and we're making the client experience as good as we can. And our area of focus is 'broader purpose' – being a good corporate citizen and doing things around diversity, gender and social mobility, as well as continuing our charity work." 

He added, however, that the firm had no immediate plans for any more new offices. He said: "We don't feel the need to have a flag in every major city."