Simmons & Simmons has filed its first-ever limited liability partnership (LLP) accounts with the documents highlighting a reduction in headcount over the last financial year, including an 8% decrease in equity partner numbers.
The 2010-11 accounts, which cover the firm’s first year as an LLP, reveal that total staff at the top 15 UK firm decreased by 5% from 1,523 to 1,447, while the number of equity partners was down from 103 to 95. Fee-earning staff numbers reduced by 9% from 656 to 596. Support staff numbers were also reduced, from 684 to 665, or by 3%. Over the period, the firm’s total staff cost decreased by 6%, from £118.5m to £110.8m.
