Simmons profits suffer 20 per cent dip

Simmons & Simmons saw turnover rise by 12.6 per cent to £176.9m, but is set to post average profits per equity partner of around £300,000, representing a drop of some 20 per cent. It is the second year in a row that average profits have fallen: in 2002, they fell to £375,000 from 2001’s high of £412,000. First revealed on www.thelawyer.com/lawyernews 17 June