Since its 2000 merger with New York's Rogers & Wells, the London-based Clifford Chance has lost more than 30 partners in the U.S. Most left because of tension over Clifford Chance's lockstep compensation system, which limits flexibility to reward overachievers. This year, aiming to improve its profitability and stop desirable partners from leaving, the world's largest law firm has been conducting more rigorous partner reviews. But will anything short of a radical attitude readjustment be enough?
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Pay Issue Takes Its Toll on Clifford Chance
The American Lawyer
December 2, 2004
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