AZB & Clifford Chance no longer "best friends"

AZB & Partners and Clifford Chance have decided to end their two-year-old best-friend relationship. Sources at AZB confirmed this development and said “we didn’t expect that the relationship between the firms to end, we thought that the relationship would die a natural death since there were no tangible benefits for either parties”. AZB and Clifford Chance relationship was reported to have a non-financial agreement and a non-fee sharing agreement. Sources further stated “Clifford Chance was looking to enter the lucrative India market but the restriction on entry of foreign law firms in India coupled with the Madras High Court PIL against foreign law firms nailed the decision to end the relationship”.

AZB & Clifford Chance no longer "best friends" barandbench.com Tue, Jan 25, 2011