Herbert Smith Freehills is the latest U.K.-based law firm to announce little or no growth to its average profit per equity partner, with the figure inching up 1% to £1,173,000 in its latest financial results.
The lack of growth came despite an 8% revenue rise to £1.186 billion in the 12 months to April 2023. Overall profit also inched up by 2%, now standing at £388.2 million.
