Herbert Smith Freehills are, according to Australian Lawyers Weekly. We presume that means they’ve kept all their staff onboard..then?
A major global law firm has released its figures for the last financial year, reflecting on a year of revenue growth amid the coronavirus pandemic outbreak.
Herbert Smith Freehills (HSF) has reported a revenue increase of 2.5 per cent on prior financial year results and while it concedes the results could have been stronger, CEO Justin D’Agostino credits the firm for its ability to navigate through the global pandemic.
“Revenue growth would have been stronger still but for the onset of COVID-19. While the COVID crisis has required significant adjustments across the firm to how we work, I am delighted to say that our performance through the challenges it has brought has so far exceeded all of our expectations,” Mr D’Agostino said.
While revenue hit approximately $1.79 billion, the profit fell 7.7 per cent to about $510 million and equity partner profit dropped 9.7 per cent to $1.549 million. Mr D’Agostino said while these results reflected a decrease in profitability, the number still leaves this financial year in second place in terms of profitability performance.
