The firm's management pay leaped by nearly 19% during the last financial year as the firm stated its "considerable discretion over the timing of any cash distributions to partners.”
February 24, 2022 at 06:32 AM
3 minute read
Senior Reporter
Freshfields Bruckhaus Deringer’s latest limited liability partnership accounts highlight the reliance law firms have on holding back capital to their partners in light of financial disruption.
Like many of its peers, Freshfields improved its net cash position to £98.4 million during the 2020-21 financial year ending April 30 2021.
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