Freshfields shakes off tough year to break £1bn barrier for first time
Freshfields Bruckhaus Deringer has broken the billion-pound revenue mark for the first time.
One week after its "magic circle" rival Clifford Chance announced a record turnover of £1.33 billion, Freshfields today revealed that it had earned £1.17 billion in the financial year to April 30 - a rise of 19 per cent. Its profit per equity partner (PEP) was even better than Clifford Chance, rising almost 40 per cent to £1.44 million.
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