Strong results for H1 2017/18
05 Dec 2017
A soild start to FY2017/18
Simmons & Simmons has today announced a solid start to FY2017/18, with an increase of 12% in income from the previous year, bringing in revenue of £167.3m for the first six months of 2017/18, up on the previous year's first half figure of £149.4m.
The firm continues to grow with 27 additional partners since May 2017 (including 13 promotions).
Managing Partner, Jeremy Hoyland says: "I am pleased with the results for the first half of the financial year and thank our employees for the outstanding contribution they have made. We have seen strong results in all of our sectors, AMIF, FI, TMT and Life Sciences. We will be continuing to build on our many strengths and look to leverage off the investments we have made".
In October 2017 Simmons & Simmons confirmed the opening of a new office in Dublin with the hire of Fionan Breathnac. Fionan joins from Mason Haye & Curran where he headed the investment funds & financial regulation practice. The new office will initially focus on investment funds work and regulatory work for asset managers and financial institutions.
Establishing a presence in Ireland reinforces the firm's position as one of the leading asset management firms in Europe, the Middle East and Asia.
The firm enjoyed an admirable reputation for innovation and creativity and continues to expand its digital presence. Products, initiatives and partnerships during H1 2017/18 include:
Work highlights for H1 2017/18 includes advising:
Simmons & Simmons was also appointed to the UK Government's Finance and Highly Complex Legal Advice (FaCLS) panel and continues to provide strategic advice to the financial servicex industry on Brexit and MiFID2.