Herbert Smith Freehills: Remuneration deliberation

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  • Herbies profitability has been plummeting for years now. Just look at the declining profitability numbers in the context of the ballooning number of non-equity partners - more than half the partnership were non-equity by 2010 -2011! Not only has their profitability per partner been plummeting but they have also been trying to hide it by keeping more partners out of the equity.

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  • I feel sorry for the legacy corporate partners at Herbies. Those that weren't smart enough to jump ship are about to experience a significant "pay adjustment" in order to fund some nice big bonuses for those litigators.

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