Simmons & Simmons posts double figure drop in revenue, PEP

Simmons & Simmons has posted an 11.3% drop in profits per equity partner for the 2009-10 financial year. Equity partners took home an average of £461,000, down almost £60,000 from last year’s figure of £520,000. Revenues have dropped by 13.8% in the same period, standing at £251 million, down from £291.3 million the previous year.