Legal Business

Freshfields to deploy second-tier lockstep for more partners as profit drive continues

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.

When the firm introduced the second-tier lockstep around three years ago, less than 10% of the then 400-strong partnership was on the separate track. However, from 2020, the proportion of the partnership on the second lockstep is expected to be a quarter.