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City law firms post bumper paydays, but challenges lie ahead

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

Law firms have had a strong financial year, but there is some uncertainty about the future outlook
Law firms have had a strong financial year, but there is some uncertainty about the future outlook Photo: Dan Kitwood/Getty Images

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.

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