What we give
We have used the London Benchmarking Group (LBG) model to measure our community contribution and benchmark our performance against other member companies since 2002/3. This year was the first time we have used it to calculate the monetary value of our firm-wide community and pro bono legal advice programme, including the amount of time invested in community and pro bono activities by our volunteers.
Using the LBG model overall, our total firm-wide contribution was £3.48m – 0.7 per cent of global pre-tax profits; this includes management costs.
|
What we give 2006/7 |
Cash | Community time | Pro bono time | In kind contributions | Total exc. management costs |
|---|---|---|---|---|---|
| London | £490,447 | £347,777 | £1,602,695 | £96,668 | £2,537,587 |
| Mainland Europe | £52,339 | £56,992 | £204,724 | £14,333 | £328,388 |
| Asia and Middle East | £19,840 | £10,392 | £59,930 | £9,146 | £99,308 |
| US | £8,333 | £18,123 | £118,182 | £52 | £144,690 |
| Worldwide | £570,959 | £433,284 | £1,985,533 | £120,199 | £3,109,973 |
Please note: the LBG model values time spent providing pro bono legal expertise as greater than general community volunteering time.
‘In kind contributions’ includes the provision of office space, and design and print.
Our community and pro bono data has been compiled according to LBG measurement principles. The LBG model was developed by a group of businesses in 1995 as an internal evaluation tool and as a way to ensure greater consistency and comparability in external reporting. Today more than 100 leading international businesses apply the model around the world. Freshfields Bruckhaus Deringer has been an active member since 2002.
Our application of the LBG model has been assured by The Corporate Citizenship Company.