Clifford Chance’s global corporate leader Guy Norman knows that the firm has to change – but believes that natural progression, rather than cultural overhaul, is the way to go.
In today’s interview with The Lawyer, Norman outlines his strategy to focus on private equity, financial services, mining, utilities and oil and gas.
But for this strategy to work, Norman will first have to reduce exits at Clifford Chance. Recently, the firm’s private equity chief Oliver Felsenstein and corporate partner Burc Hesse departed for Latham & Watkins . This follows the departure of several London-based corporate partners including private equity stars David Walker, Tom Evans and Africa practice co-head Kem Ihenacho, all also to Latham.
Despite the headaches, Norman says that “it’s flattering that Latham keeps raiding us”.
Clifford Chance has an ongoing lockstep review in the works in an attempt to hang on to talent. That, combined with Norman’s plans to increase efficiency, means change is definitely afoot at the firm.
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