The partnership of Freshfields Bruckhaus Deringer has voted in sweeping reforms to its handling of misbehaviour, including financial penalties, as the #MeToo fallout continues to plague the profession.
The move to establish a conduct committee followed a consultation and implements new enforcement protocols that mean partners who receive a final warning about their behaviour could face an automatic fine equal to 20% of their profit share for 12 months. The model is similar to those that have been successfully rolled out elsewhere in professional services, such as accountancy and consultancy firms.
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