Simmons & Simmons is set to demerge from its Portuguese operation, with the breakaway practice set to continue as an alliance partner of the firm. Simmons is due to hold a partnership vote on the decision to officially split from the five-partner operation, which practises as Simmons & Simmons Rebelo de Sousa.In 1992 Simmons became the first City firm to establish a presence in Portugal. The integration process with Rebelo de Sousa began in 2001, with full integration confirmed in 2003. Portuguese managing partner Pedro Rebelo de Sousa said: "Simmons is discussing with the Portuguese partners the position of the Lisbon office as a fully integrated part of the firm's network. While it is yet to be finalised by the firm's management and the Portuguese partnership and subject to partners' approval, the proposition is that the office would be set up as a separate firm but in association with Simmons."
February 09, 2009 at 05:55 AM
1 minute read
The original version of this story was published on Legalweek
Simmons & Simmons is set to demerge from its Portuguese operation, with the breakaway practice set to continue as an alliance partner of the firm.
Simmons is due to hold a partnership vote on the decision to officially split from the five-partner operation, which practises as Simmons & Simmons Rebelo de Sousa.
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