Freshfields Bruckhaus Deringer has declared war on underperforming furniture with the City giant this week dramatically extending its profits review to include not just its back office but the actual office.

The firm this week told chairs, pens, desks, computers and fridge magnets at its Fleet Street headquarters they would be subject to a comprehensive performance review. Persistent laggards now face demotion, with pens to be reclassified as pencils, desks downgraded to stools and consistently underperforming conference rooms forced to act as the paralegals’ loo.