Simmons & Simmons announces financial results for 2024/25

Simmons & Simmons has announced its financial results for the year ending 30 April 2025. This year’s results demonstrate another strong year from the firm, following successive years of growth. The headline figures include:

• revenue of £615m, up 7 per cent on the previous financial year, and up by over 50 per cent over the last five years;
• profit of £215m, up 6 per cent on the previous financial year, and up by over 70 per cent over the last five years, and
• profit per equity partner (PEP) of £1,128k – up 5 per cent on the previous financial year, and up by 50 per cent over the last five years.

The positive results for the firm, which came amid ongoing global economic uncertainty, were driven by several factors, including:

• A consolidation of the firm’s sector strategy, focusing its work on asset management and investment funds (AMIF), financial institutions (FI), healthcare and life sciences (HLS), and technology, media and telecommunications (TMT). Each sector saw consistent growth of 7-8 per cent, with revenue from the four sectors accounting for over 80 per cent of the firm’s total revenue.
• A significant number of large, cross-border mandates spanning Europe, Asia and the Middle East, including multiple transactional deals with a value of over £1bn.
• Strong activity and expansion in the Middle East – with the firm recently marking 30 years in the UAE. The firm opened a new office in Riyadh in June, led by Amer Al Amr, and recently announced plans for a new office in the ADGM, Abu Dhabi.
• The impact of the mass adoption of generative AI across the firm globally. The firm has reaped the rewards from developing its own in-house LLM, Percy, which has been commended by Microsoft. Adoption is widespread, supporting the firm’s client offering.

The release of Simmons’ strong financial results follows the firm’s announcement in March that it will relocate its London office to the iconic 25 Finsbury Circus in 2030, enabling the firm to further expand and enhance its offering.

Managing partner Emily Monastiriotis commented, “The growth we have seen in this last financial year reflects the success of our highly effective sector strategy and our decision to make a series of strategic investments across the firm. This includes supporting generative AI adoption and upskilling our people, investing in partners across our global practices, and further building our international presence through office expansions. These investments have all further enhanced our client offering and our ability to provide first-class advice on some of the most high-profile, complex, cross-border mandates. Huge credit for our financial results should go to all the talent at our firm.”