Deals
Freshfields Profits Fall as U.K. Law Firms Brace for Slower Year
This article is for subscribers only.
Freshfields Bruckhaus Deringer LLP’s profits per equity partner fell 6.9 percent to 1.3 million pounds ($2.1 million) as the highest-grossing U.K. law firms braced for “uncertainty’’ amid the European sovereign debt crisis.
Freshfields revenue fell slightly to 1.14 billion pounds, the firm said in a statement today. Another London firm, Linklaters LLP, said revenue increased 1.4 percent to 1.2 billion pounds.