Simmons set to achieve revenue goal

Simmons & Simmons is on track to achieve its ambitious profit target for next year after revenue for the first half was up by 10 per cent.

Managing partner Mark Dawkins plans to take the average profit per equity partner, which currently stands at £385,000, up 17 per cent to more than £450,000 in 2006.

At the half-year point, a firm spokesperson said it was “well placed” to achieve this.

The growth has been driven primarily by corporate and banking, with corporate basking in the glow of Telefonica’s £17bn O2 acquisition in October. The banking team has grown by four partners this year.

Asia, France and Italy were all said to be more than 10 per cent ahead of their revenues on this time last year.