Asia-Pacific

Check out this week's top Asia-Pacific news on the Asia Pacific Headline page.

Follow RoF

For all the breaking news, follow RoF on Twitter and Facebook

         
   

Make Me...

...an offer I can't refuse. Put your details on Make Me An Offer and let top law firms come and offer you jobs. It's confidential, anonymous and free.

Find a Job

With the market picking up, don't miss out on Job Search for all the best vacancies from the World's leading law firms.

Discussion

Discussion
The discussion board has the answers to all life's questions. Get advice on how to get a job, where to work, how your salary matches up and where to go after hours.

Blogs

Exclusive: 93 redundancies at Shoosmiths

Rate it
0
Report as offensive
03 May 2012 11:18
Shoosmiths has just confirmed that it is to make 93 staff redundant. 93. That makes Herbert Smith look like rank amateurs.

They are all in its consumer legal services arm, largely its volume motor personal injury team in Basingstoke.

The firm justifies this clusterf*ck by claiming that it is focussing on "legal disciplines that align more closely with its business brand", and apparently this is a thoroughly good thing. Its statement is below. Why would anyone think this a sensible thing to release after ruining the lives of nearly 100 people?

David Palmer, who heads up the private client practice group, said: “Shoosmiths has been growing organically for the last eight years by expanding its commercial services through strategic lateral hires.

“One of the firm’s key objectives was to sustain its national private client offering whilst re-balancing away from very high volume bulk processing of personal injury work, where it is increasingly difficult to leverage the specialist legal expertise for which we are renowned.

"The desired re-balancing has now been achieved. We have well established relationships with referrers who value exceptional service quality, and we have an innovative direct-to-consumer channel through our Access Legal brand.

“Together, these deliver a very valuable case flow albeit not one that requires the current processing team size. Whilst we have been reducing our motor personal injury team size gradually over the last three years, we need now to undertake a more fundamental restructure.

"Going forward, we expect our private client practice to grow strongly through its ability to deliver exceptional service and expertise in the more complex aspects of private client work.  The consumer offering will be fully aligned to the Shoosmiths business brand and allow us to provide our clients with a distinctively comprehensive offering."


Jeez.

More in tomorrow's edition.


Comments

Feel free to enter your comments on the news story below, subject to our terms and conditions. Please note that comments are subject to moderation and so will not appear immediately.

Please keep it nice. Thanks.

Order By:
anonymous user
03/05/2012 11:47
Rate it
0
Report as offensive
Does this deserve some sort of award for obfuscation? Does it mean that they are not making enough money out of it?
anonymous user
03/05/2012 15:13
Rate it
0
Report as offensive
Whilst I sympathise with those being made redundant, having been there and done that I would like to reassure them it will not ruin their lives. On the contrary, being made redundant was the best thing Shoosmiths ever did for me - I went on to work for some fantastic places and regained the confidence I had lost. My only regret is that I didn't leave sooner...
anonymous user
28/05/2012 21:25
Rate it
0
Report as offensive
The trouble with Shoosmiths strategy for expansion in the PI market has been ever to put too many of its eggs in the volume basket. Any effort to break into the higher end/catastrophic claims arena has been half hearted to say the least with no real big hitters in the Basingstoke outfit and, alternatively, no strategic lateral hires. Basically, they have been crippled by a combination of ever rising referral fees and less than profitable referrals from CMCs. To conclude the avian metaphor theme – the birds have come home to roost.