Simmons & Simmons has today (13 July) reported revenue growth of 12%, up to £521m from last year’s £465m, double the previous year’s growth rate of 6%. Meanwhile, profit growth was slower – 2% compared to last year’s 8%, for a total of £189m. PEP, meanwhile, was steady at £1m, as partner headcount increased by 12.
The firm saw the most significant revenue growth in its healthcare and life sciences sector group, up by 29%. It also reported strength in financial institutions – another of the key sectors highlighted in Simmons’ business plan for 2023-26, alongside technology, media and telecoms and asset management and investment funds, which each showed double-digit growth.
