Simmons dumps bonus scheme after just one year

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  • Unsurprisingly this caused a large amount of distress amongst the salaried partners - word on the street is that there was open mutiny. Poorly performing equity partners taking home sums considerably in excess of revenue generating salaried partners. Expect to see the more talented up sticks - they were treated poorly. The MP has a hell of a job to do to convince these guys to hang around - notwithstanding any tweaks made now.

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  • Open mutiny does indeed sum it up!
    The clock is ticking...

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  • As a proportion of total income far more of Simmons revenue comes from its London office than that of its similar-sized competitors so this cannot have been the intention. Recent stories of Partners leaving to join much-smaller firms show there must be problems within the Partnership. Time for more social initiatives as that is Simmons speciality?

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