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The new protocol comprises a fine for bad behaviour that could see partners hit with a 20% profit share cut for 12 months.
December 11, 2019 at 07:29 AM
1 minute read
Managing Editor
Freshfields Bruckhaus Deringer has voted in favour of a new conduct framework, which includes fining badly behaved partners and establishing a conduct committee.
The partner vote on the new conduct framework closed on Monday, a person with knowledge of the firm’s internal workings said. The person added that, as per the firm’s membership agreement, the vote needed to pass a 75% threshold to succeed.
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