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Herbert Smith to vote for full financial integration with Freehills

Freehills has considerably more equity partners than Herbert Smith, where more than half of the partnership is non-equity. If they are truly going to merge into a single equity partnership it will crush Herbert Smith's profit per equity partner numbers, which already lag considerably behind all of the Magic Circle firms. How will Herbert Smith continue to manipulate their profit numbers without their huge number of non-equity partners to hide their pathetic financial performance?

22-Jun-2012

4:03 pm