We use cookies to collect and analyse information on site performance and usage to improve and customise your experience, where applicable. View our Cookies Policy. Click Accept and continue to use our website or Manage to review and update your preferences.

Simmons & Simmons reports 8% rise in profits
Fionán Breathnach

14 Jul 2022 / corporate law Print

Simmons & Simmons reports 8% rise in profits

International law firm Simmons & Simmons says that expansion into countries such as Ireland helped to boost its profits in the year to the end of April.

The London-based firm reported revenue of Stg £465 million for the year – up 6% from the previous year. Profits grew by 8% to Stg £185 million, and profit per partner moved up 2% to just over Stg £1 million.

It attributed its growth to what it called an “ambitious” investment and hiring strategy, as well as a 25% increase in external income over the past year.

Internal promotions

Simmons & Simmons said that its external income had jumped by 67% over the past three years. As well as Ireland, where it set up an office in 2018 as part of a post-Brexit wave, the firm has expanded in Asia and Germany.

The firm promoted 13 of its lawyers to partners during the year – including two in its Dublin office.

“Our figures for 2021/22 reflect the success of the ambitious growth strategy that Simmons has embarked on, demonstrated this year by strategically significant expansion across Europe – particularly in Germany – and of course our plans for a US office,” said managing partner Jeremy Hoyland.

Simmons & Simmons in Dublin is led by Fionán Breathnach (pictured).

Gazette Desk
Gazette.ie is the daily legal news site of the Law Society of Ireland