'A sharper environment' - is HSF's corporate culture shift behind the recent run of partner exits?

HSF chief Mark Rigotti addresses the firm's recent run of partner departures

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Four years on from the Anglo-Australian tie-up that created it, Herbert Smith Freehills (HSF) had looked to be having a relatively easy ride.

Recent financial results have been solid, with revenues rising to £870m during 2015-16 against profit per equity partner of £840,000. This has come alongside international expansion into markets such as Duesseldorf and Johannesburg, and impressive mandates including advising on British American Tobacco’s $47bn merger with US rival Reynolds and Telefonica’s initial public offering plans.

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