Freshfields Bruckhaus Deringer’s management pay fell by nearly 20% during the most recent financial year, its LLP accounts have revealed.

The group’s pay, which includes remuneration for the senior partner, managing partners and heads of the firm’s global practice groups, fell substantially from £18.6 million in the previous financial year to £14.9 million last year, the accounts also revealed. The firm did not provide details about whether the group’s make up had changed during the year.