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Freshfields' Restructuring Marks a Break With the Past
This year, for the first time ever, London's Freshfields Bruckhaus Deringer was sued by a former partner. Never mind the damages sought; the publicity was bad enough. The suit and the internal wranglings it exposed are testimony to a cultural shift at Freshfields, which had always prided itself on a certain collegiality. Underperformers have been weeded out, and the firm's equity partnership fundamentally altered. Now, as the bloodletting draws to a close, partners insist that the upheaval was worth it.