Freshfields faces partner tension as more than 60 see profit share reduced

Multiple partners see profit share drop by around £300,000 in latest lockstep restructuring

Freshfields Bruckhaus Deringer is facing tension within its partnership after more than 60 partners saw their profit share reduced when the firm ushered in its new lockstep system this month.

The firm agreed a substantive overhaul of its lockstep in November last year, which meant all of the firm’s roughly 400 partners saw their position on the ladder assessed ahead of the new system coming into effect from 1 May.

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