Freshfields Bruckhaus Deringer

Freshfields Bruckhaus Deringer

Turnover: £785m

Profit per equity partner: £675,000

Equity spread: £256,000-£853,000

Net profit: £350m

Profit margin: 45 per cent

Salaried partner remuneration: None

Revenue per lawyer: £353,000

Revenue per partner: £1,521,000

Revenue per equity partner: £1,521,000

Cost per lawyer: £196,000

Profit per lawyer: £157,000

No of partners: 516

No of equity partners: 516

No of female partners: 57

No of female equity partners: 57

Total no of fee-earners (including consultants, paralegals etc): 2,852

Total no of fee-earners (excluding consultants, paralegals etc): 2,225

Total no of staff: 5,540

Leverage ratio: 1:3.31

Equity partner to staff ratio: 1:5.21

Fee-earner to staff ratio: 1:0.94

Financial management: Average lock-up is 22.5 weeks. Zero firm borrowings, although partners generally borrow for capital contributions.

Equity structure: All-equity partnership. Twelve-year lockstep between 15 and 50 points.

Billable hours targets: None

Key clients: BNP Paribas, Deutsche Bank, Philip Green, Goldman Sachs, Kingfisher, Scottish & Newcastle.