Linklaters to axe 70 partners in radical shake-up

The world’s second-largest law firm Linklaters will axe up to 70 partners and 10 per cent of associates in the biggest shake-up in the legal services market in decades. The news comes just two weeks after Magic Circle rival Clifford Chance, the world’s largest law firm, revealed it had asked partners to inject more than £40 million in fresh capital.