Simmons & Simmons revenue and partner profits have remained at 2011-12 levels, with the firm posting broadly flat financials for the year to 30 April 2013.

The firm has posted unaudited revenues of £250.3m, down on £251.7m last year, while profits per equity partner (PEP) has dropped marginally from £528,000 to £525,000, with both marking 0.6% decreases respectively. The firm also confirmed a net profit figure of £66.2m, which is broadly static on last year.

Partners at the top end of the equity at the firm, which operates on a modified lockstep, have taken home £950,000 this year, while those at the bottom have earned £270,000. Last year these figures were £975,000 and £275,000.

Simmons managing partner Jeremy Hoyland (pictured) cited the firm's litigation and employment practices as strong performers.

Hoyland said: "We maintained our cost base at the same level as the previous year, but income remained flat. With marginally more partners than last year, profit per partner is slightly lower. It's tough growing income in a market that remains flat, with some parts still declining.

"We will continue to manage costs as tightly as possible, while focusing on our five-sector approach and our new offices. As we opened in Singapore in May this year, it didn't affect last year's figures, but we expect it to have an impact on 2013-14 results."

During the past financial year Simmons opened new offices in Munich and Bristol, with the latter launched as a lower-cost option for clients. The firm also formed an alliance with US firm Seward & Kissel focusing on hedge fund and asset management work.

The firm, which made 29 lateral hires in the 2012-13 financial year, has seen average partner count at the firm increase from 203 to 211, while average equity partner numbers grew by one person to 126. Meanwhile average staff headcount decreased marginally from 1367 to 1361.