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.

Freshfields shakes off tough year to break £1bn barrier for first time business.timesonline.co.uk Tue, Jun 3, 2008