Legal Business

A dramatic break with lockstep for Freshfields but will it be enough to galvanise the City giant?

Nathalie Tidman assesses the Magic Circle firm’s high-stakes partnership shake-up

‘Freshfields has overhauled its partnership for two reasons – to mollify restive partners in leveraged finance and private equity – and to make it moderately easier to recruit in the US,’ notes one former partner. ‘It’s insufficient for both of these purposes.’