Freshfields keeps PEPs high through recession
Freshfields Bruckhaus Deringer has posted the industry’s highest PEPs since the recession started. The firm has reported a compound annual growth rate of 18.1 per cent since 2007. The only other firm that comes close is Slaughter and May, with 17.9 per cent.
A number of top Wall Street firms had significant drops in PEPs over the same period: Debevoise & Plimpton lost 9.6 per cent, Davis Polk & Wardwell lost 6.7 per cent, Cravath Swaine & Moore lost 9.5 per cent and Simpson Thacher & Bartlett was down 8.3 per cent.