Law firm Simmons & Simmons has reported a moderate rise in profits and a significant increase in revenue for the fiscal year 2022/23. While profits experienced a 2% increase, revenue grew by 12%, with the firm’s total revenue surpassing the half-billion mark to settle at £521 million. Meanwhile, profits rose to £189 million, as reported in the firm’s official statement.
In conversation about the firm’s performance, Managing Partner Jeremy Hoyland emphasised on their strategic focus on the Chinese market and underscored the crucial role of relationships with local U.S. firms in maintaining business stateside.