Clifford Chance has again pushed emerging markets work to the forefront of its strategy following the relocation of two of its most experienced London partners to Saudi Arabia and Russia, while re-emphasising its desire to see juniors spend time in different jurisdictions.
London litigation chief Nick Munday and co-head of finance Tim Plews will relocate to Moscow and Riyadh respectively. Part of their remit is to encourage other fee-earners at all levels to think about relocating to further their careers.
The move is an echo of managing partner David Childs’ commitment to a more mobile partnership. In 2007 he said he would expect any associate with partnership ambitions “to have done a stint” overseas.
Plews, who will move to associate firm Al-Jadaan & Partners in the autumn, told The Lawyer that the move “reiterates that there’s increasing potential across the firm for people who want to relocate”.
Senior partner Stuart Popham, who himself spent three years in Singapore prior to making partner, said the move was part of an ongoing strategy.
“It’s a manifestation of a policy approach that we’re encouraging from the most senior partner to the newest trainee,” he said.
Popham confirmed that the magic circle firm would look to increase headcounts at all levels across their offices in the emerging markets.
He added: “You wouldn’t need to be a betting man to see that there’s more economic expansion in the emerging markets than in developed ones.”