Profits surge as Freshfields reins in staff costs
Magic circle firm's profit rises 15% amid industry's struggle to rein in costs
February 07, 2019 at 04:29 AM
2 minute read
Freshfields Bruckhaus Deringer grew global profits by 15% to £481m in its last financial year, as the rise in staff costs was kept close to 4%.
According to its LLP accounts for the year to the end of April 2018, on a 7% rise in revenues to £1.43bn, Freshfields achieved a profit margin of 33% – compared with 31% the previous year.
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