Clifford Chance makes US litigation layoffs

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  • Layoffs

    The business just didn't grow the way the firm expected it to. White collar and securities regulatory work is still doing well but the group was simply over staffed. When things are going well in the market perhaps it's ok to carry the burden but given market conditions this is something that had to happen.

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  • US is different

    I'm just surprised this hadn't happened sooner. Who are their clients in the US? It's a fantastic firm world wide but in the US the UK approach to clients particularly in litigation does not work. Clients go to individuals not firms and CC always pushes the firm not individual mantra.

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  • CC

    CC had a handful of long term lucrative instructions in the US. I think these are probably coming to a close or are already completed. It makes sense that the litigation group will now be suffering.

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  • CC

    In these leaner times CC will suffer as client's will realise that they can get the same quality of work at much lower fees if they instruct mid size firms. I am not surprised business services will be hit as well. CC is far too overstaffed.

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  • Litigation Layoffs

    The irony of the current situation is that the fastest growing litigation specialists, Loancheck SA, are looking to recruit Lawyers with a banking and financial services background.

    don't give up hope just yet

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