It is understood that a number of voluntary redundancies have also been made in the real estate group.
The cuts follow the firm’s decision to significantly scale back its global partnership by around 15 per cent earlier this year.
A Clifford Chance spokesperson said: “We can confirm that the firm is proposing to make redundant a small number of lawyers from the capital markets practice in the London office. There are no plans for a large scale redundancy programme.”
It is understood that the firm is also bulking up its finance practice with lawyers from other groups after experiencing a mixture of reduced headcount following earlier redundancies and increased workloads.
In January this year The Lawyer reported on the magic circle firm launching a redundancy consultation affecting up to 80 associates across its network (8 January 2009).
In March Clifford Chance launched another consultation, reducing its support staff headcount by 115.
The firm’s US practice has been hit by several rounds of redundancies. In October last year Clifford Chance cut a total of 20 litigation associates from its New York and Washington DC offices. In March the New York office shed a total of 24 associates from its US transactional practice.