Freshfields revenue £40m lower than originally reported
Freshfields Bruckhaus Deringer was £40m lower than originally stated for 2015/16. The firm attributes the discrepancy to exchange rates, and reported a revenue increase of 0.5% for the 2015/16 financial year.
The higher figure was reported in July of 2016, when the firm stated that its revenue came in at £1.33bn, representing a 7% increase over the price year. The LLPs also stated that operating profit fell 24% from £514.2m to £392.3m, while pay for top management increased by 8% to £18.1m.