Freshfields Bruckhaus Deringer is planning to set up a “conduct committee” and introduce heavy, automatic financial penalties for partners that require a warning about their behavior.

According to a person with knowledge of the matter and documents seen by Legal Week, a new “conduct protocol” would mean partners who are subject to an internal investigation process that results in a final warning about their behavior would face an “automatic fixed financial penalty” of 20% of their profit share for a period of 12 months.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]