Insurance boutique Robin Simon is celebrating its best-ever year, with average profit per equity partner (PEP) now outstripping Hammonds, the firm it broke away from three years ago.
Robin Simon is predicting PEP to hit £250,000 this year, a rise of 30 per cent on last year’s figure.In contrast, Hammonds reported PEP of £204,000 in 2005. Meanwhile Robin Simon’s turnover was also up 30 per cent, hitting £6.9m from last year’s £5.3m.
Managing partner David Simon said that the 2005-06 financial year was the first year the firm has seen real progress.
“It seems hard to think back to the early days,” Simon said. He added that Robin Simon’s growth since setting up has been wholly organic.
The firm was set up in 2003 after an amicable split from Hammonds, which decided that it no longer wanted to focus on insurance law.