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

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  • Many businesses cull the bottom 10 percent performers, even in good times. So to make less than 1 percent redundant now, why should that even have to be justified?

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  • Interesting approach to a redundancy program....can low attrition really be used to justify redundancy in law or is this one of those "other significant business reasons"? And surely there may be a hint of age discrimination at least indirectly as the new qualifiers are likely to be younger than the experienced associates.

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  • "If there's no work then why the retention of NQs?"
    Because NQs are cheaper than senior associates. Have no doubt all the lawyers being canned by CC are senior associates.
    For all intents and purposes CC is taking an up or out approach to senior associates. It was already like this in the boom times, its just the seniors who weren't going to get promoted would jump into a lateral position; now they need to be pushed.
    Is it moral or pleasant? No.
    Is it typical? Yes - CC's peers and clients in the banking sector all take the same approach.
    If some firms need to shrink to become maintain profits that is what they will do. Partners only care about profits. Anyone who wants a pleasant and collegiate working environment should avoid City law firms. Better to apply for a job at Google.

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  • Why do partners only care about profits? Surely there is more to life? Is the City a temple to greed? What does that achieve? Are their children proud of them? Do their children even know who they are?
    That's depressing.

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  • This is awful - absolute disgrace. Can this even be deemed true "redundancy" circumstances?

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  • who cares. they're from CC, there's plenty of work around and they'll get new jobs. It's not the end of the world. Good luck to the newbies and keep an open mind about broader opportunities than just CC. It works both ways.

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  • "Zebra Crossing" - Fear not, I am here. I do not justify everything CC does, just my point regarding Peter Charlton. After working for CC for over 22 years, I am well aware that there are many CC actions that do not require justification. And also that there is a very nice world outside CC.

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