Law Firms

Simmons & Simmons revenues climb 12% in FY21

Profit per equity partner at Simmons also jumped 30% when compared to FY20, reaching £980,000

Simmons and Simmons has seen its group revenues increase 12% year-on-year to £437m in FY21.

The group also reported that its profits spiked 35% year-on-year to £171m during the year ended 30 April 2021.

Profit per equity partner at Simmons also jumped 30% when compared to FY20, reaching £980,000.

Jeremy Hoyland, managing partner at the company, said: “Despite the unprecedented challenges and uncertainty of the last 12 months, we have seen some substantial growth.

“I’m delighted that our performance, in the face of these difficulties, has exceeded our expectations.I am convinced that our sector strategy has been a major contributing factor to this strong performance.”

Elsewhere during the period, Simmons and Simmons made 23 lateral partner hires, promoted 12 lawyers to the partnership, and announced Julian Taylor as the group’s partner elect.

Hoyland added: “It’s been an incredibly challenging year and I would like to thank everyone at Simmons for their efforts and sacrifices. 

“Their commitment to the firm, in personally trying times, is undoubtedly at the heart of our success over the last year.”

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