The Lawyer’s new China Elite report contains the most detailed research available on the PRC legal market and contains unparalleled insight into the country's leading law firms. They vary in size, practice focus and geographic coverage, but they all share one common quality – ambition... Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
Clifford Chance is in the process of axing approximately 20 corporate lawyers and support staff in its London office.
The cuts affect newly qualifieds through to those above four years post-qualification experience. Partners have not yet been affected.
Exact numbers are not yet confirmed, as the firm is looking to re-deploy some of the lawyers in other departments.
An email was sent to the partnership last Thursday confirming that the firm was undertaking a review of numbers at the moment. Although the corporate department is the first to face redundancies, other areas are also being closely monitored.
A spokesperson said that there was no specific time frame for the review to be completed. "The cuts come as part of the firm's ongoing headcount management, rather than a special one-off review," she said.
The move comes after the firm last week announced that it was cutting newly-qualifieds' pay from £50,000 to £48,000.
Magic circle rival Linklaters has also reduced headcount this year, up to and including partner level.