Simpson Thacher & Bartlett has grown its global revenue by 22.5% to reach $3.55bn, with profit per equity partner (PEP) and net income also seeing substantial rises during 2025.
The performance means the New York heavyweight has broken through the $3bn turnover mark for the first time, up from $2.9bn in 2024.
PEP also grew by double digits, up by 11.8% to $8.57m, while net income increased by more than a quarter, growing by 25.6% to reach $1.96bn.
The firm also saw its equity and non-equity partnerships increase, with equity partners up 12% to 229, and non-equity partners up by 34.4% to 149. Overall headcount increased by 18% to a total of 1,761 lawyers.
The firm has continued to grow into 2026 with moves including the launch of a Singapore office. Private equity partners Ian Ho and Anthony King – who are relocating from Hong Kong and New York respectively – will co-lead the office as well as the regional private equity practice, while private funds partner Tony Liu is also moving from Hong Kong to head the regional funds practice.
The trio will be joined by two new hires – Baker McKenzie M&A partner Theodore Heng and Latham & Watkins energy and infrastructure corporate partner Carolyn Wong.
In the US, key hires have included Kirkland & Ellis partner David Nemecek – described as one of the leading restructuring advisors in the world – to launch a new office in Dallas and a new capital structure solutions practice. His arrival was followed two further Kirkland partner hires – Christina Bae in Los Angeles and Jacob Ruby in Houston.
London hires over the year have included Kirkland corporate partner Nick Appleton and Cadwalader structured finance partner Richard Hanson.
Standout mandates during the year included a role on the Claire’s restructuring, advising JPMorgan Chase Bank as administrative agent for the asset-based lenders to Claire’s,
