With City law firms braced for Brexit-related shocks, the first 2016/17 results from a major London practice will ease Square Mile nerves with Simmons & Simmons today (8 June) confirming a 7% hike in revenues and an emphatic rise in partner profits.
Simmons saw revenues up £21m from £295m to £316m, a substantial improvement on its 2015/16 results, when it barely grew its top line. Profits per equity partner (PEP) increased 9% to £635,000, up from £585,000 the year before, while net profits also climbed 12% over the year.
