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Freshfields in talks to end all-equity model.
(From The Lawyer)
Freshfields Bruckhaus Deringer has launched a full-scale review of its cherished all-equity partnership model, including the possibility of de- equitising partners.
In what is a momentous U-turn, the magic circle firm's senior management has confirmed that it is considering a wide range of changes to its partnership model, including the creation of fixed-share partners across the firm.
The review follows the firm's momentous move in February to ditch its all-equity partnership model in the Far East and introduce salaried partners in Beijing, Hong Kong and Shanghai.
Co-senior partner Konstantin Mettenheimer confirmed to The Lawyer that he had been in talks with fellow co-senior partner Guy Morton regarding a number of different options, including whether possible changes would affect existing partners, groups or individuals.
"We're thinking in all directions," he said. "We feel there's a need for ...
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