Freshfields partners' final salary pension scheme faces the chop

Power, Helen; O'Connor, Joanne
April 2005
Lawyer;4/4/2005, Vol. 19 Issue 13, p1
Trade Publication
This article reports that Freshfields Bruckhaus Deringer senior partner Anthony Salz has kicked off a controversial review of the partners' treasured final salary pension scheme. Freshfields previously attempted reform 12 years ago, but in an unusual move for such a consensual firm, the change was blocked by older partners. Under the existing regime, retired partners share in the profit the firm earns in any given year. A partner retiring at 55 or over would get one fifth of the amount a working partner receives that year.


Related Articles

  • Freshfields kicks off partner de-equitisation. Begum, Husnara // Lawyer;10/23/2006, Vol. 20 Issue 41, p1 

    The article reports on the launch of a radical partner de-equitization program in a bid to boost profit by Freshfields Bruckhaus Deringer's management in Great Britain. Partners discuss who will be affected by the restructuring. 30 partners decided to leave the firm to take advantage of pension...

  • Tesco calls in Freshfields to investigate overstated first-half profits. Stanton, Natalie // Lawyer (Online Edition);9/22/2014, p2 

    The article reports on the move of the multinational grocery and general merchandise retailer Tesco PLC to appoint the law firm Freshfields Bruckhaus Deringer LLP to investigate its first-half profits which was overstated by £250 million in Great Britain. It offers brief overview of the...

  • Freshfields set to close final salary pension scheme. Jones, Ben // Employee Benefits;May2010, p5 

    The article reports on the plan of Freshfields Bruckhaus Deringer LLP to close its final salary pension scheme in June 2010.

  • THELAWYER.COM.  // Lawyer;3/1/2010, Vol. 24 Issue 9, p2 

    The article presents blogs related to law-related issues including one about the plans of Freshfields Bruckhaus Deringer LLP to lift its associate salary freeze, another one about Freshfields' profits in 2009, and about the move taken by Freshfield to prevent salaries from spiralling out of...

  • Paris restructuring fails to dampen Freshfields' figures. Moshinsky, Ben // Lawyer;7/16/2007, Vol. 21 Issue 28, p10 

    The article reports on the increase of the revenue of Freshfields Bruckhaus Deringer despite reducing its partnership by around a quarter in Paris, France. The restructuring of the company has left the firm with 31 partners. The firm's growth was maintained during the year of transition due to...

  • Freshfields could face scrutiny over advice on 2010 Bumi deal. Swift, James // Lawyer (Online Edition);1/4/2013, p6 

    The article reports that Freshfields Bruckhaus Deringer LLP could face an investigation of the deal which resulted in the creation of the multibillion coal group Bumi. Great Britain's Takeover Panel found that Indonesian investors the Bakrie family and Rosan Roeslani were acting in collaboration...

  • Freshfields set for pensions pensions revolution. Griffiths, Catrin; Begum, Husnara // Lawyer;12/19/2005, Vol. 19 Issue 49, p1 

    The article reports on the plan by law firm Freshfields Bruckhaus Deringer to reduce the pension plan of its partners in Great Britain. The proposals will be presented to the partnership council for approval. This decision comes after a review that was started by outgoing senior partner Anthony...

  • Thirty quit Freshfields for pensions payout. Begum, Husnara // Lawyer;7/31/2006, Vol. 20 Issue 30, p3 

    The article reports on the retirement of thirty partners from Freshfields Bruckhaus Deringer on November 1, 2006 in order to benefit the law firm's pension payout in Great Britain. Partners aged 50 and above are given the choice to retire from the partnership, effective on October 31, 2006, that...

  • Flex helps to find a balance in difficult times. Brooke, Adam // Employee Benefits;Jun2009, p16 

    In this article the author discusses on how flexible benefits can help employers increase understanding and encourage greater take-up of certain benefits in Great Britain. He notes that in Freshfields Bruckhaus Deringer LLP's scheme Benefit Plus, employees gained substantial savings on tax and...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics