Freshfields Bruckhaus Deringer has taken steps to protect its Asian partnership from U.S. firms’ advances by breaking away from its lockstep and allowing new partners to be promoted more quickly in the region, it has emerged.
The overhaul has seen partners give management permission to offer more flexible remuneration packages in the region to retain talent, with the partner vote in mid-2011 coming in the wake of a number of high-profile departures to U.S. firms.
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