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Partner Defections Ravaging Clifford Chance

published December 08, 2008

By Author - LawCrossing
Published By
( 11 votes, average: 4.5 out of 5)
What do you think about this article? Rate it using the stars above and let us know what you think in the comments below.
12/08/08

Clifford Chance is an international law firm, based in London, and has offices in most major business centers. As one of the largest firms in the world (according to their website), the firm was voted one of the best places to work in America in early September of this year in the Corporate Equality Index, an annual survey administered by the Human Rights Campaign Foundation. It was the only Magic Circle firm to be included in the rankings. Magic Circle firms are the most prestigious and most respected in the U.K.

Clifford Chance's litigation practice group was once a rising player in the legal community, but is now fighting to keep a foothold. With a lack of work causing lower profits, the company made the decision to layoff associates and now partners are defecting. Their client base was once filled with appealing companies, such as Merrill Lynch.

According to TheLawyer.com, “with the latest partners leaving because of a dispute over their super-point status, the firm is clearly still plagued by the pay concerns that have dogged its US operation for years. With these issues finally bubbling to the surface, it looks like a strategic rethink could be on the cards for Clifford Chance.”

The U.S. litigation practice of Clifford Chance is practically coming undone after this series of layoffs and defections.

Former U.S. head John Carroll, and partners Warren Feldman and David Meister, who all left Clifford Chance's New York office, are said to be in discussions with Skadden, Arps, Slate, Meagher & Flom, according to TheLawyer.com. Skadden currently has 24 offices around the world and was named the best corporate law firm in America for the eighth consecutive year by Corporate Board Member magazine.

Neither Skadden or Clifford Chance have released statements yet.

published December 08, 2008

By Author - LawCrossing
( 11 votes, average: 4.5 out of 5)
What do you think about this article? Rate it using the stars above and let us know what you think in the comments below.

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