Freshfields lags Magic Circle as management pay drops 20% amid muted top line growth

The management of Freshfields Bruckhaus Deringer has seen a 20% drop in pay even as its Asia business offered a silver lining with double-digit turnover growth.

Published today [31 January], the City giant’s LLP accounts for the financial year to 30 April 2019 make for subdued reading as the firm grew its top line by only 4.2% – or £61m – to £1.493bn from £1.432bn the previous year. Management pay fell from £18.6m to £14.9m.

Your limit of 1 article in 30 days is up. Please login for full access or subscribe.

Corporate users - click here for simple access (no password needed).

For more information, please contact jasmine.glass@legalbusiness.co.uk