Simmons & Simmons Reports Strong Financial Growth for FY2024
Simmons & Simmons has announced its unaudited financial results for the year ending April 30, 2024, showing significant growth:
- Revenue: £574 million (up 10% from last year)
- Profit: £204 million (up 8%)
- Profit per equity partner: £1,076k (up 7%)
This success is due to strategic investments, including hiring 24 lateral partners across 10 countries and advancements in AI and technology. The firm’s focus on key sectors—asset management, financial institutions, healthcare, and technology—also drove growth.
Highlights include:
- 22% growth in the TMT sector.
- Expansion of the Financial Institutions practice.
- Doubling of the Digital Business practice in London.
- Leadership in the AMIF sector.
- Recognition of AI expertise with Minesh Tanna as Chair of the AI Committee for the City of London Law Society.
Eduardo Peñacoba (pictured), Managing Partner in Spain, emphasized their commitment to innovation and growth, aiming to have 20 partners by 2025.
Jeremy Hoyland, Managing Partner, highlighted their success despite market challenges, driven by sector strategy, innovation, and high-quality work. The firm is well-positioned for future opportunities in the evolving legal market.
