Clifford Chance makes 13 London associates redundant
Clifford Chance has announced that 13 London associates from the capital markets and finance practices face redundancy. The firm is in consultation with the 13 affected lawyers.
According to the firm, the proposed redundancies reflect a drop in the firm’s regular attrition rate, with the latest cohort of trainees and newly qualified lawyers set to join imminently.
London managing partner David Bickerton said:: “We’re proposing to make a small number of lawyers redundant in London. Our business is very strong and resilient and we continue to grow.
“However, our attrition has fallen significantly and we have a programme of trainees and new qualifiers coming through.
“It’s important to ensure that our resources are in line with the business needs. We’ve not taken this decision lightly.
“We anticipate a maximum of 13 redundancies out of a total of nearly 1,000 fee -earners in London and we have no plans for any more.”