Pity the reporters covering the legal industry as the rash of international mergers and differing profit structures has seen law firms increasingly attempt an ad hoc approach to disclosing their financial performance.
Very much in this spirit, Herbert Smith Freehills (HSF) today (17 July) took the unusual step of releasing its financial performance for just seven months – the period since the union between Herbert Smith and Australian leader Freehills went live on 1 October – but refused to disclose the proceeding five months of the legacy City firm’s financial year.
