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Simmons & Simmons is the latest City law firm to post bumper figures, but others are trying to keep costs in check

Professional Services Correspondent

City law firms are posting bumper results this year, as Simmons & Simmons becomes the latest to pass the £1m mark for average partner pay.

The firm joins the likes of Pinsent Masons and Osborne Clarke in reporting strong numbers for the last financial year, another sign of a solid period for the UK legal sector.

City law firms post bumper paydays, but challenges lie ahead

James Booth

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The appointment rewards the executive who led the bank back from a scandal involving the creation of millions of fake customer accounts.

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