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Freshfields Bruckhaus Deringer PEP surges 39 per cent

Exchange rate complications These numbers are seriously tricksy given the drop of sterling against the euro and FBD's proportionately much higher relative euro income than, say, CC due to its size in Germany. An 'average' German partner would have taken home €1.514m last year at the then prevailing exchange rate. This year he will take home €1.800m. That's an 18% increase. That is not to be sniffed at but it is a lot lower than 40%!

2-Jun-2008

4:45 pm