Simmons & Simmons


The Lawyer UK 200

  • UK 200 Position: 11
  • U…



Position: 11 =
Firm: Simmons & Simmons

Turnover: £289.2m
Profit per equity partner: £647K
Earnings per partner: £488K
Equity spread: £325K-£1,150K
Net profit: £93m
Profit margin: 32 per cent
Revenue per fee-earner: £254K
Revenue per lawyer: £315K
Revenue per partner: £1,280K
Revenue per equity partner: £2.01m
Total number of fee-earners: 1,140
Total number of qualified partners: 918
Total number of partners: 226
Total number of equity partners: 144
Total number of female partners: 32
Total number of female equity partners: 12
Total number of staff: 1,991
Leverage ratio (equity partners/fee-earners): 1:5.4



INTERNAL PROMOTIONS
2006-07: Finance 6, corporate 5, projects 1, employment 2, tax 1
2005-06: Finance 4, corporate 4, IP 1, litigation 1, employment 1, tax 1
2004-05: Corporate 4, employment 2, finance 2, litigation 1, IP 1

LATERALS
2006: Finance 4, corporate 3, energy 1, environment 1, dispute resolution 1
2005: Finance 5, corporate 4, IP 1, environment 1
2004: Finance 2, corporate 3, real estate 1, IP 1

Intake as percentage of partnership: 11.1
New female partners as percentage of intake: 16
Firms recruited from: Allen & Overy, Clifford Chance, Debevoise & Plimpton, Denton Wilde Sapte, Herbert Smith, Norton Rose, Shearman & Sterling
Equity structure: 145 equity partners, 81 non-equity
Practice area(s) most heavily promoted: Financial markets, corporate
*Figures supplied relate to the calendar year

Promotions at Simmons & Simmons had an international flavour in 2006-07, with London accounting for less than a third of new partners. There was more emphasis on London for lateral hires, with corporate/commercial doing particularly well. Simmons had no qualms in taking senior associates from magic circle and US firms and making them partners on arrival.

Departure-wise, Simmons was particularly hard hit in 2006 in Hong Kong and mainland China, where it suffered an eight-partner defection. The firm has promised to rebuild, though, so expect to see partner hires there in 2007-08, particularly within corporate. Simmons is using both carrot and stick to retain talent. It has introduced skills development frameworks and time-off-in-lieu schemes for hardworking lawyers. But underperforming partners are not tolerated and de-equitisation remains a ‘tool’.

  • Web: www.simmons-simmons.com
  • Telephone: 020 7628 2020
  • Fax: 020 7628 2070
  • No. of Trainees: 100
  • No. of Trainee Vacancies: 50
  • Training contract application deadline: 31-Jul-08
  • Selection
    • Individual interview: No
    • Panel interview: No
    • Assessment day: Yes
    • Psychometric test: No
    • Written exercise: No
  • No. of Seats: 4
  • Opportunities Abroad: Yes
  • Vacation Schemes
    • No. placements: 40
    • Summer vacation scheme application deadline: 31-Jan-08
  • GDL/CPE Intake: 50%
  • GDL/CPE funding
    • Fees: Yes
    • Maintenance: £5,000
  • LPC funding
    • Fees: Yes
    • Maintenance: £7,500
  • Salary/benefits
    • Start: £36,000
    • Qualification: £63,500
    • Season ticket loan: Yes
    • Healthcare: Yes
    • Pension scheme: Yes
    • Life assurance: Yes
    • Bonus scheme: Yes
    • Gym membership: Yes
    • Subsidised lunch: Yes
    • Free taxis after hours: Yes