Freshfields partners face profit share cut and drop to lower lockstep ladder

Freshfields moves some partners to second tier lockstep ladder capped at 30 points as profitability drive continues

Freshfields Bruckhaus Deringer partners face having their profit share cut as the firm moves some partners to a lower lockstep ladder as part of ongoing plans to ramp up profitability.

Partners voted in a second tier lockstep ladder running from 10-30 points compared with the standard 17.5-50 points in late 2013, it has emerged, but its use has increased significantly since last year.

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