Photo: Ryland West/ALMFreshfields' Profits Hit by Accounting Changes, LLP Accounts Show
Operating profits and revenue increased, but profit available for distribution to partners dropped.
February 03, 2025 at 07:42 AM
2 minute read
Freshfields' suffered a decline in its profit available for distribution to partners in the last financial year following regulatory changes, its accounts show.
The law firm's Limited Liability Partnership accounts, filed in the U.K.'s Companies House, said profit "available for discretionary division amongst members" was £665 million in the financial year to April 2024, down 8% from £726 the year before.
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