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Freshfields reports strong performance globally as it continues to deliver on strategy for growth

(30 July 2021): Freshfields Bruckhaus Deringer (Freshfields) has delivered its fifth consecutive year of revenue growth for the year ended 30 April 2021, with strong performance across all regions and practice groups.

Financial summary for the year ended 30 April 2021:

  • Revenue up 5% to £1.59 billion
  • Profit per equity partner up 5% to £1.91 million

Performance highlights from the 2020/21 financial year:

  • Achieved our five-year environmental targets set in 2016, and set new targets as part of a new ambitious global environment strategy. This includes a commitment through the RE100 initiative to source 100 per cent renewable electricity for all our offices by 2030. The firm has also signed up to science-based targets, as well as significantly reducing business travel and paper usage.
  • Opened our new sustainability-focused London office at 100 Bishopsgate, which received a BREEAM ‘excellent’ rating and won a SKA Gold rating for its sustainable fit-out.
  • Set out new five-year global diversity and inclusion commitments and targets for gender, race and ethnicity, and LGBTQ+ representation, reflecting a refreshed focus on action and progress in this area. This was followed by a 50/50 gender split of partner promotions globally, exceeding our new 40% target for female new partners. 

Rick van Aerssen, Freshfields Managing Partner, commented: “This strong set of results reflects Freshfields’ continued success in our core markets, as well as our expansion in growth markets such as the U.S. The ability of our global platform to deliver for clients as a destination practice across all the key disciplines is a formula that works, shown by revenue growth across all our regions and practice areas against the backdrop of the pandemic.

“The firm’s success could not have been achieved without the hard work of all our colleagues, who have shown tremendous resilience and dedication to deliver the best possible outcomes for our clients in the face of an incredibly challenging year.”