Clifford Chance moves layoffs forward” />Clifford Chance has accelerated its redundancy consultation by two weeks, with the results due to be announced on Wednesday.
Associates voted in favour of bringing the consultation close forward after the firm offered a sweetener to the redundancy package.
The firm will now round up the number of years worked when calculating the time element of the redundancy package.
This means that a two-and-a-half year associate would receive three weeks salary, as opposed to two weeks, in addition to a payoff equating to five months.
Originally, the redundancy process was scheduled to finish between 24 February and early March.
A total of 13 elected associate representatives from across the firm consulted with HR for the past two weeks on behalf of the associate body (12 January).
The associate representatives were understood to have been negotiating for an additional two months’ payoff.
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