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Freshfields reports financial performance for 2016/17

Freshfields Bruckhaus Deringer LLP (‘Freshfields’) has delivered a solid set of financial results for the year ending 30 April 2017. 
 
In summary:
  • Revenue is up by £3m (+0.3%) to £1.330bn;
  • Net income is down by £5m (-0.8%) to £612m;
  • Profit per equity partner has increased by £74K (+5%) to £1.547m;
  • The combination of our Cologne and Dusseldorf offices has been positive for our German and broader European business;
  • The successful fit-out and occupation of our Global Centre in Manchester was completed;
  • The firm continues to be recognised as market leading in its active markets and is investing in its talent in key markets.
 
Stephan Eilers, Joint Managing Partner commented: “We have had a solid year in spite of challenging market conditions. Our trajectory continues to be positive as we support our clients in delivering some of the most significant work in the market.”
 
ENDS

Notes to editors:
 
The results for April 2016 at current rates i.e. retranslated at 30 April 2017 exchange rates to be consistent with the April 17 results, are: 
 
Income             £1.406bn
Net Income       £658.9m
PEP                 £1.571m
 
About Freshfields Bruckhaus Deringer
 
Freshfields Bruckhaus Deringer LLP is a global law firm with a long-standing track record of successfully supporting the world's leading national and multinational corporations, financial institutions and governments on ground-breaking and business-critical mandates. Our 2,800 plus lawyers deliver results worldwide through our own offices and alongside leading local firms.  Our commitment, local and multi-national expertise and business know-how means our clients rely on us when it matters most.
 

The Freshfields team was led by: