Revenues Up, Profits Flat at Freshfields

Freshfields Bruckhaus Deringer released its 2008-09 financials on Friday, reporting a 9 percent increase in revenues and a slight increase in profits per equity partner. Revenues for the fiscal year were 1.287 billion pounds ($2.387 billion), up from 1.178 billion pounds ($2.359 billion) in the previous year. Notably, Freshfields' revenues eclipsed those of Clifford Chance which, in recent years, has been a constant fixture at the top of the Global 100.