Freshfields Bruckhaus Deringer has posted something of a rebound after announcing a 12% increase in profit per equity partner (PEP) to £1.734m while the firm added 5% to its top line.
The firm achieved total profits of £683m, a 12% increase, while revenues were up from £1.33bn last year to £1.403bn. The performance will be seen as a marked improvement on the 2016/17 season when Freshfields failed to hike income at all despite favourable movements in currencies. The hike in partner profits will be seen as particularly welcome at a time when many London leaders are seeing their star partners targeted by aggressive US rivals.
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