Simmons posts 12% revenue jump to £690m as PEP grows 11%

Simmons & Simmons has reported a 12% rise in revenue to £690m and an 11% increase in profit per equity partner (PEP) to approximately £1.25m for the year ending 30 April 2026.  

It also reported profits of £245m, up 14% on the previous year. The firm said profitability had increased more than 43% over the past five years, thanks to a sustained focus on its key markets and clients. 

Simmons pointed to its strategy of concentrating on five core sectors internationally as a growth driver in FY26. There was "particularly strong momentum" in asset management and investment funds (AMIF), which grew revenue by 12%, while technology, media and telecoms (TMT) grew 13%. Sector-focused work had been further consolidated and now accounted for 93% of total firm revenue, the firm said.

Growth was also fuelled by 37 lateral partners over the last financial year across 14 offices and multiple sectors, including a quartet of real estate partners in Frankfurt from Goodwin Procter and restructuring duo Isabelle Vincent and Arnaud Roiron in Paris from Fidal. It also boosted its London bench with the hire of DLA Piper’s pensions de-risking lead, Amrit Mclean, last October, along with a team of four lawyers.

In April, it also promoted nine to partner in a round dominated by real estate and financial markets that saw women make up the majority, meaning the firm met its 2026 target for women to represent at least 50% of partner promotions.  

The firm, which has 350 partners globally, also opened two offices in the Middle East over the course of the year, in Riyadh and Abu Dhabi, targeting work in the AMIF and TMT sectors. 

Emily Monastiriotis, who took over as Simmons' first female global managing partner last year, said: “Over the past year, our expanding international platform and specialised sector focus has continued to be a real source of strength, contributing strongly to our overall performance. The results also reflect a year of major investment – in our partnership, new offices and our AI capabilities.  

"Our newly launched five-year business plan sets out a clear ambition to become a leading AI‑enabled law firm and to strengthen our position as strategic advisers in our five chosen sectors," she added. 

Simmons has recently chosen Legora as a new platform to operate in tandem with its existing generative AI tools, such as Percy and Copilot. The firm also operates a suite of autonomous agents, with many directly supporting clients, for example, the firm’s NDA agent, in partnership with Flank.