Freshfields delivers sixth consecutive year of revenue growth with strong global performance
Freshfields Bruckhaus Deringer (Freshfields) has delivered its sixth consecutive year of revenue growth for the year ending 30 April 2022, with strong performance across all regions and practice groups.
Financial summary for the year ending 30 April 2022:
- Revenue £1,701 million, an increase of 10 per cent at constant exchange rates
- Profit per equity partner, £2.07 million
Performance highlights from the 2021/22 financial year:
- The firm continues to be recognised at the top of legal industry rankings across the key practices and jurisdictions that matter to our clients, who entrust us with their most complex mandates across Disputes, Arbitration, Antitrust and Competition, Tax, Public International Law and Corporate Transactions.
- We bolstered our status as a top-tier US law firm in corporate transactions, corporate governance, regulatory and litigation - adding further expertise across major practice areas, six of which were Band 1 Chambers Global ranked. We named a new US managing partner and doubled the size of our Silicon Valley office as we continued to serve a growing roster of clients in tech, life sciences and other sectors.
- The firm performed more than 70,000 hours of pro bono client work globally, including:
- Ranked by Law.com as the number one law firm in the UK for pro bono
- Advising Save the Children International on a range of mandates relating to their response to the Ukraine crisis
- Advisers to the Special Olympics World Games Berlin 2023 Organising Committee
- Representing Kate Wilson in her landmark human rights case against the Metropolitan Police in London
- Providing legal and strategic support to ILGA Europe in a leading LGBTQ+ case before the European Court of Justice
- Continued work on implementing successful class action for Afghan and Iraqi nationals applying to enter the U.S. on special immigrant visas
- Freshfields was named one of two law firms in the second edition of the Financial Times-Statista list of Europe’s Climate Leaders – a list comprising 400 companies that achieved the greatest reduction in greenhouse gas emission intensity between 2015-20
- As part of our five-year environmental strategy, Freshfields signed the Greener Litigation and Greener Arbitration Pledges – doubling down on our commitment to reduce the environmental impact of our practice
- The firm published our first diversity and inclusion annual review to transparently share progress on our five-year global targets and commitments, with highlights including:
- 48 per cent of our new partners joining the global partnership were women - surpassing our firm's target
- Successfully delivering our sixth Global Sponsorship Programme – with more than 50 women at the firm promoted to counsel or partner having completed the initiative
- 67 per cent increase in the number of black associates at Freshfields
- LGBTQ+ partners now standing at four per cent, closing in on 2026 global target of at least five per cent
Rick van Aerssen, Freshfields Managing Partner, commented: “We have delivered another robust set of results for the firm, reflecting our continued commitment to deliver for clients around the world. Despite tightening market conditions globally, I’m particularly delighted we’ve achieved a sixth consecutive year of revenue growth – underlining the strength and resilience of the firm’s long-term strategy and our teams’ understanding of where Freshfields can best add value.
“Our achievements over the past 12 months are testament to the dedication of colleagues across our global network, who continue to set a high bar for advisory work in Freshfields’ core areas of litigation, M&A and regulatory. We look forward to pushing on further this year to meet the strategic goals we’ve set across our core markets, and our ongoing expansion in growth markets such as the U.S.”