After a failed merger, a drop in both revenue and a profits, and a slew of partner departures, Simmons’ new managing partner Jeremy Hoyland certainly has his work cut out. Can his plans for change deliver?
Jeremy Hoyland’s timing has always been a little off. He qualified just before the 1990s’ recession, tried to launch a finance practice in Asia just as the Asian financial crisis hit in the late 1990s and has now taken over Simmons & Simmons at a time when the firm’s financials continue to struggle and it is being over-shadowed by several of its closest rivals. Failed merger talks with Mayer Brown have also hardly helped the firm’s market profile.