Law Weblog

Clifford Chance to axe 80 lawyers

Friday 9 January 2009 at 6:09 am | In News | Post Comment The Financial Times 8th January 2009 reported that Clifford Chance, the world’s largest law firm, is to cut almost a 1 in 10 of its staff of lawyers in London. This is the most dramatic indication that the international financial crunch has finally halted the long boom in the legal industry.

The firm proposes cutting between 70 and 80 of its 880 London “associates” – qualified lawyers below the partner level. The action will not affect the firm’s 227 partners – who own and manage the business – or its 258 trainees.

News report here