Freshfields' results lag magic circle rivals
Freshfields Bruckhaus Deringer has confirmed a 19% rise in profits that will take the City giant’s average partner profits to £832,000. The magic circle firm last week said that its average partner profits had risen from £700,000 to £832,000 in its 2005-06 year, while turnover rose 13% to hit £882m. Freshfields expects the top end of the equity to reach £975,000, up 14% from £860,000 last year. Despite the performance, Freshfields has been outpaced in growth by several of its peers with Linklaters and Clifford Chance both announcing sharper increases in profitability in 2005-06.
This premium content is reserved for
Legal Week Subscribers.
A PREMIUM SUBSCRIPTION PROVIDES:
- Trusted insight, news and analysis from the UK and across the globe
- Connections to senior business lawyers within the leading law firms and legal departments
- Unique access to ALM's unrivalled, market-leading reporting in the US and Asia and cutting-edge research, including Legal Week's UK Top 50 and Global 100 rankings
- The Legal Week Daily News Alert, Editor's Highlights, and Breaking News digital newsletters and more, plus a choice of over 70 ALM newsletters
- Optimized access on all of your devices: desktop, tablet and mobile
- Complete access to the site's full archive of more than 56,000 articles
Already have an account? Sign In Now
For enterprise-wide or corporate enquiries, please contact Paul Reeves on Preeves@alm.com or call on +44 (0) 203 875 0651