Clifford Chance’s new managing partner Matthew Layton is wasting no time in stamping his mark on the firm. Just a week after the appointment of the firm’s first global innovation head and a new chief operating officer, we reveal today that Clifford Chance has also kicked off a review of its lockstep.
Sources suggest that the revamped lockstep will be rolled out first in Germany, following a review of Clifford Chance’s German operations and the departure of nine partners.
The potential changes – which the firm insists are still in the early stages of discussion – could see a reduction in the number of points at the top of the lockstep and the introduction of a ‘super-points’ pool to reward outstanding partners.
Outstanding partners Clifford Chance will surely want to hang on to include finance specialist Jessica Littlewood and litigator Rod Lambert, who are both named in this year’s Hot 100.
The 2015 selection of 100 innovative and leading lawyers includes a record number of in-house counsel as well as private practitioners from across the spectrum. Littlewood and Lambert brush shoulders with the likes of Withy King associate Rebecca Stevens, whose pro bono work for a man denied legal aid hit the headlines last year, Reed Smith partner John Wilkinson, who advised on an Ebola vaccine licence, and Wragge Lawrence Graham & Co CEO David Fennell, for steering his firm through its merger.
Also on TheLawyer.com:
- Bird & Bird is facing a €130m (£97.7m) professional negligence claim brought by a group of around 30 German real estate funds, in the latest development in a corruption trial against a former client
- Lawyers in the Midlands will see a salary increase of around 10 per cent in 2015, thanks to a growing number of firms setting up offices in the region
- DLA Piper has begun to rebuild its depleted Asia practice with the hire of two partners and an of counsel, reuniting a group of former Jones Day colleagues in the process
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