Simmons & Simmons has reported increases in both turnover and profits per equity partner (PEP) for the 2011-12 financial year.

The firm saw total revenue rise by 3.6% to £251.7m from £243m, alongside a PEP figure of £528,000, up 15% from £460,000 the previous year. The firm has also reported a net profit figure of £66.1m.

According to the firm, its litigation, regulatory and intellectual property practices were standout performers during the year.

Managing partner Jeremy Hoyland said that most of the firm's growth had occurred outside of the UK, although the Middle East practice had had a difficult year. However, he added that there has been a "good degree of growth" in Europe and Asia on the back of firm's launch of its Beijing office last year.

Hoyland (pictured) said: "Overall I am pleased with the results. Obviously the market is currently very difficult, so it is pleasing that we have seen some income growth despite that.

"I don't expect the market will be getting much easier over the coming year. I am still concerned about the conditions in Western Europe, including the UK. But we will continue to play on our strengths. For many years our performance in our priority sectors has been a key differentiator, so we will continue to build on our sector programme."

In April, the firm – which has 125 equity partners – announced a three-year strategy to expand the firm's sector focus, alongside plans to launch a new office in Bristol, which is due to open later this year.