Freshfields to deploy second-tier lockstep for more partners as profit drive continues Legal Business7 June 2017Law firm managementPartnership As Freshfields Bruckhaus Deringer continues its profitability drive, almost a quarter of the global partnership is expected to be on the firm’s second-tier lockstep as early as 2020.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 [email protected] Related ContentMore in this categoryRevolving Doors: A&O Shearman builds in Riyadh as Kirkland, Paul Hastings, and more make flurry of City hiresExternal investment trend continues as offshore leader seals private equity deal‘Anything that begins with admin is at risk’ – the pressures fuelling firms’ business services cuts‘How hard are you prepared to work?’ – partners who’ve made it on how they built a book of business‘We don’t have a large ship to turn around’ – Eversheds Sutherland co-CEOs to canvas partners on strategy plansNRF to incentivise cross-border work with formalised global management committeeA&O Shearman to cut partnership by 10% and close Johannesburg base in post-merger shake-upComment: Last orders – The final reflections of a veteran legal punditComment: 2020 forecast – City giants forced to offer flexible partnership