Freshfields Bruckhaus Deringer has unveiled an 11.3 percent drop in revenue for the 2009-2010 financial year, becoming the latest Magic Circle firm to post declining fee income in the uncertain market.

Turnover at the London giant has fallen to 1.14 billion pounds for the past financial year, compared to 1.29 billion pounds in 2008-2009. The results mean that London’s four largest law firms have all seen a decrease in their top line over the last year.

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