Shoosmiths
Annual report shows goals were met
Law fi rm Shoosmiths, which has a thriving offi ce in Milton Keynes, has launched its inaugural, annual Impact Report and has revealed its year end results for FY 2020/21. The Impact Report shows the progress the firm has made in
developing client relationships, reaching Environmental, Social and Governance (ESG) goals outlining actions taken and reveals the fi rm’s year-on-year fi nancial performance. Despite a challenging year for all professional services firms,
Shoosmiths’ fi nancial performance for FY 2020/21 is strong, with revenue up 9% year on year to £167.9m, net profi t up 31% to £55.4m and PEP up 41% to £658,000. Commenting on these results, CEO of Shoosmiths, Simon Boss,
said: “We are all extremely proud of how far Shoosmiths has come in the last year. “As our Impact Report shows, the pandemic in this last year has
been a test of resilience and character. We can confi dently say our values, which have been in place for 20 years, never fail us and have guided us throughout this time, further underpinning what is important to us as a fi rm; being a responsible business that makes a positive contribution to society. “And in terms of our fi nancial results - there is a
direct link from our values to our actions, to these results. Our success is built on our overall approach to be a responsible business and in going the extra mile for our clients. All this works towards our vision: to be the leading national law fi rm, famous for our client experience. We are all looking forward to Shoosmiths’ next chapter.” Head of Shoosmiths Milton Keynes office,
Partner Robin Webb, said: “In an extraordinary year these results represent the dedication our people have shown to our clients, and to the fi rm. “We have embraced change, being among
the fi rst fi rms to decide a permanent new way of working, launching our working principles in July last year. T ese new working ways give our people more autonomy over when and how they work in a way that will enhance our client experience. “Change has also sparked innovation, and we
46 ALL THINGS BUSINESS
also launched our non-legal arm Shoosmiths8 Connected Services; off ering products that make a real diff erence to our clients’ working lives, enabling their businesses to thrive post-pandemic. “We’re proud to say that throughout FY20-21, we also made signifi cant progress towards our ESG goals at an offi ce and fi rmwide level, and welcomed new talent into our offi ces. T is is something we will look to continue into our next fi nancial year and beyond.” Shoosmiths has recently been accredited with
a Platinum award by Investors in People (IIP) – putting Shoosmiths in the top 2% of the tens of thousands of companies assessed by IIP. T e fi rm has also recently awarded all staff an additional ‘thank you’ payment in addition to their usual salary in the way of 7.7% (four weeks’ pay) of their annual wage at the end of May.
Find out more about Shoosmiths at
www.shoosmiths.co.uk
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