Simmons posts 10% slide in PEP as costs rise

UK firm's profit decreases after record year in 2014-15 as turnover edges up by 1.7%

simmons-simmons-Article-201607080442Simmons & Simmons has posted a 10% drop in profit per equity partner (PEP) for the 2015-16 financial year to £585,000, as the firms costs rose “significantly”.

However, it remains the second highest level achieved by the firm following a record high of £650,000, a jump of 17%, in 2014-15.

This premium content is reserved for
Legal Week Subscribers.

Subscribe today to get ALL ACCESS and 15% off!

A premium subscription gives you access to all articles and provides:

  • Trusted insight, news and analysis from the UK and across the globe
  • Connections to senior business lawyers within the leading law firms and legal departments
  • Unique access to ALM’s unrivalled, market-leading reporting in the US and Asia and cutting-edge research, including Legal Week’s UK Top 50 and Global 100 rankings
  • The Legal Week Daily News Alert, Editor’s Highlights, and Breaking News digital newsletters and more, plus a choice of over 70 ALM newsletters
  • Optimized access on all of your devices: desktop, tablet and mobile
  • Complete access to the site’s full archive of more than 56,000 articles

Subscribe Now For All Access

For enterprise-wide or corporate enquiries, please contact Paul Reeves on Preeves@alm.com or call on +44 (0) 203 875 0651