Clifford Chance is trying to right its ship. Since merging with Rogers & Wells, the London-based firm has lost more than 30 partners in the U.S., most because of tension over Clifford Chance's lockstep compensation system, which limits flexibility to reward overachievers. This year, aiming to improve profitability and halt the exodus, the world's largest law firm is conducting more rigorous partner reviews. But the question remains: Will anything short of a radical attitude readjustment be enough?
Still the Biggest, but Still Bailing
The American Lawyer
December 1, 2004