Clifford Chance is targeting a 20 percent reduction in lawyer head count in its
In Moscow, Clifford Chance has laid off around six lawyers through individual consultations, with the office also losing another 24 lawyers through natural attrition over the same period, taking the total lawyer numbers down to about 150 in the office.
The firm said the move was in response to declining demand for advice on foreign investment in
A Clifford Chance spokeswoman said: "The strategy is to reduce lawyer headcount in
Meanwhile, it has emerged that 23 secondees in the firm's Middle East practice (20 in
The firm said it had no plans for further redundancies but admitted it was keeping a close eye on headcount in international offices. Clifford Chance's moves raise questions about the safety of jobs in international offices across the top U.K. firms.
Allen & Overy has also admitted that it is reviewing jobs in its
Simmons & Simmons, meanwhile, is also considering cutting back on its
However, Eversheds chairman Alan Jenkins said: "Nothing has changed for us. Strategy is about the long term; current events may affect the pace but not the strategy. Asia and the Middle East remain at the core of our international growth strategy alongside Europe and the
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