Clifford Chance to cut partners in firmwide reshaping

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  • Where does this end?

    So if CC and Links are axing a whole load of partners, where does all this end up? Is it just dead wood going? personally, i think you have to question the whole concept of partnership. Seriously, is there any difference between being a partner and an employee any more?

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  • Good times, bad times

    And does the dead wood know that it's dead wood? While the market was booming there was a substantial proportion of partners who were just living off the CC (or FBD or A&O or Links) brand. If the management had been more honest with themselves they would have had to address this problem in the good years, not just the bad. Is it either a) cynical to rake in the profits from such partners only do discard them when the going gets tougher or b) stupid of such partners not to realise they had it coming when they could see what their own performance was?

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  • dead wood

    Presumably the CC partners would have seen it coming. Childs decided to get rid of 10%of London assistants, so it follows that he'd get rid of the requisite number of partners. It was only a matter of time!

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  • Ever decreasing circles

    They 're copying Linklaters. There's no original thinking at all in the magic circle. They all copy each other and chase their own tails

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  • last post

    No original thinking? A&O's new strategy seems pretty original! But CC are just keeping step with Links.

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  • Turkey's voting for Christmas

    Would the decsion be made by the Partnership as a whole or just those who arent in the firing line? Surely voting for cuts is akin to profesional suicide for those who stand to be given the chop.

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  • maintain profitability

    Most sensible people would expect profit to fall during recession. So in some way, what Mr Child said about maintaining profitability does not make sense. It may be better for him and the rest of the CC partnership to admit that (i) they make mistakes about certain partners, thinking that they will bring in $$$$$ and they don't and
    (ii) partners are just a bunch of greedy bas****s.

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  • PEPPEPPEPPEP

    When are the partners going to understand that sometimes in business you are to gain less in some harsh years...instead of showing others to the door...

    Look in the mirror, chaps !

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  • Niloc.......

    is coming.

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  • Partners shown the door

    Niloc? I suggest you add productive comments.
    It is a depressing time for all businesses and the business model for law firms are not immune to current trends. It is a shame but understandable that down times are used for imposing long standing management ambitions.

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