CC unites New York practice under Deutsche Bank's roof

Clifford Chance is taking the next step in strengthening its New York presence by consolidating its three Midtown offices under one roof.
The firm’s Manhattan-based lawyers are set to move to the Deutsche Bank Building by May 2004, where the lease covers 380,000 sq ft or 14 floors within the 29 floor building.
The move is a significant development for CC’s New York operation, which came under fire last year after the firm fared badly in an associates survey which sparked the now infamous “paddingate” memo.
Since the merger with Rogers & Wells three years ago, CC has operated out of three offices, spanning 353,000 sq ft of space.
The new premises can accommodate 500 lawyers. But the lease will allow CC, which currently houses 450 lawyers in New York, to expand its share of the building at 10 year and 15 year intervals.
The firm had been considering two other addresses: 340 Madison Avenue and Times Square Tower, which was to have been the home of Arthur Andersen before it collapsed following the Enron debacle.
CC’s move will effectively make long term client Deutsche Bank the firm’s new landlord. Deutsche Bank is due to move its US headquarters to 60 Wall Street, which will bring together its Midtown employees and those in the Downtown area who have been working from different offices since September 11.
Deutsche Bank’s office at 130 Liberty Street, which overlooks Ground Zero, remains covered over.