Wake Up Call: Freshfields London PE Lawyers Get Extra Bonuses

In today’s column, Sidley’s revenues and profits surged in 2021 fueled by deals and strong demand; Big Law firms are again delaying office returns because of the spread of omicron-variant Covid-19; EY Law hired a legal services entrepreneur to expand its services in Canada.

• Leading off, U.K. elite firm Freshfields Bruckhaus Deringer paid extra bonuses of around 50,000 pounds ($67,100) to its London-based private equity lawyers last year to keep them from leaving for deep-pocketed U.S. rivals. according to a report. (Financial Times)
• Sidley Austin’s revenues swelled 13.5% to $2.795 billion in 2021 and profits per equity partner ...