Clifford Chance sheds 10 associates in Amsterdam
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Clifford Chance has blamed the global recession for cutting 10 associate jobs in its Amsterdam office.
The firm refused to specify which practice groups have been most affected by the cuts, but it is understood that they have been made across the office.
A Clifford Chance spokesperson said: “We had implemented a number of cost-cutting measures during recent months to try to avoid making cuts. Unfortunately it’s not been enough.”
The spokesperson added that the Amsterdam office had cut costs by not replacing recent departures. The firm also attempted to redeploy associates to busier parts of the practice where possible.
The firm has also recently cut 24 associates from its New York transactional practice groups after shedding 20 associates from its New York and Washington DC litigation groups in October last year (14 October).
The Amsterdam cuts come after the magic circle firm amended its partnership agreement to allow management to forge ahead with a partnership cull last month (23 March).
Earlier this year The Lawyer reported that Clifford Chance partners would be voting on the scaling back of the partnership in a bid to become more profitable (4 February).
