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.

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