Freshfields practice groups 'at risk'

• Localización: The Lawyer, ISSN-e 0953-7902, Vol. 31, Nº. 1 (1/11/2016), 2016
• Idioma: inglés
• Texto completo no disponible (Saber más ...)
• Resumen

  • A global profitability drive by Freshfields Bruckhaus Deringer is putting its smaller practice groups such as IP and employment "at risk" and leading to larger numbers of equity partners relegated to the "second tier" of its lockstep, according to insiders.

    Managing partner David Aitman created a second tier lockstep ladder, running from 10 to 30 points, to sit alongside the standard 17.5 to 50 point lockstep in 2013.

    Only a "very small percentage" of underperforming partners were brought down to the lesser lockstep, said a source, although they added that the number has risen dramatically in the past year.

    One partner said the news was "all part of the strategy of competing with US firms" and added "more partners in Continental Europe and the US" will be affected by the second tier push.