Clifford Chance to cut City associates in response to 'low NQ attrition'

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Readers' comments (27)

  • sounds like a bit of a car crash

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  • Can't think of any other industry in which it would be readily accepted that a desire to offer a permanent role to someone ending a 2 year fixed-term contract would be used to justify terminating existing employees.

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  • Those for whom way is being made have a few years until they're recycled/pushed aside for cheaper labour. Start honing those transferable skills now so that you're fully prepared for the tap on the shoulder when (not if) it comes.

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  • Pardon? When we recruited people we expected them to be poached but they weren't so we'll sack them? This simply reflects a lack of work. There's no need to confuse the issue.

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  • CC has vowed not to sack partners only because its partnership deed doesn't allow it too. Links' and A&O's deeds do allow it. So Links and A&O can do it without a vote but CC would need a vote. And the turkeys are not going to vote for Xmas.
    If CC's management had the power then they'd be doing exactly what Links did.

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  • is this the first spray of a lot more blood that will be spilt on the corporate carpets of london's city firms?

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  • Advice to the NQs. Drive drunk in Hong Kong and you will be just fine. If you have a problem just call Mr Charlton.

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  • If there's no work then why the retention of NQs? They say it's important that 'resources' are in line with business need. That smacks of the need for less experienced/cheaper people to do what work there is, rather than there being a lack of work full stop.

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  • The sheer hypocrisy is startling. CC demands team working skills and a desire to work in a collegial environment from its applicants and then it fires a bunch of associates because cheaper labour is available...
    A disgusting decision. Shameful and abhorrent.

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  • @Vercingetorix: I believe CC partners DID vote on the last restructuring and more partners voted 'yes' than stayed. In other words, some turkeys did indeed vote for Christmas.

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