CLIFFORD CHANCE
INTERNAL PROMOTIONS
| Overall |
2004-05 |
2005-06 |
2006-07 |
| |
20 |
30 |
38 |
2006-07: Banking 10, capital markets 5, commercial 2, corporate 12, litigation 6, real estate 3
2005-06: Banking 7, capital markets 5, commercial 4, corporate 4, litigation 8, real estate 2
2004-05: Banking 4, capital markets 3, corporate 6, litigation 3, commercial 4
LATERALS
| Overall |
2004 |
2005 |
2006 |
| |
6 |
23 |
9 |
2006-07: Finance 4, corporate 4, property 1
2005-06: Finance 8, corporate 9, litigation 1, property 5
2004-05: Finance 1, corporate 1, litigation 3, property 1
Intake as percentage of partnership: 7.8
New female partners as percentage of intake: 19.1
Firms recruited from: CMS Cameron McKenna, Chadbourne & Parke, Freshfields Bruckhaus Deringer, Milbank Tweed Hadley & McCloy, Simpson Thacher & Bartlett
Equity structure:
392 equity partners, 214 non-equity
Practice area(s) most heavily promoted:
Capital markets, corporate, finance, litigation
*Figures supplied relate to the calendar year
In three years Clifford Chance has made 88 internal promotions compared with 38 lateral partner hires. In that time London has maintained a strong share of promotions, including nine in 2006-07. Globally, corporate and banking continue to be the most promoted practice areas, followed by litigation and capital markets. In London finance, corporate and capital markets all pushed two internal candidates through in 2006-07.
Meanwhile, real estate returned to form. Five candidates have been made up in the past two years, including one in London, following two stagnant years.
Germany remains a focus. After London, Frankfurt saw the highest level of internal partner promotions with seven in 2006-07, but Munich saw no partner promotions for the second year running. Shanghai was the only mainland China office to receive an internal promotion, while Hong Kong was boosted with three.
Lateral hires tapered off in 2006-07 with only nine globally compared with 23 the previous year. Out of those nine, five were in New York and two were in Amsterdam. Again, corporate and capital markets were the focus.
