Clifford Chance reduced staff costs by �41 million during the 2009-2010 year -- a savings of 7.6 percent -- after cutting its total headcount of lawyers by 12 percent during the extensive firmwide restructuring it carried out in the previous financial year, according to government filings.
January 25, 2011 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Clifford Chance reduced staff costs by £41 million during 2009-10, after cutting its total headcount by 12 percent during the extensive firmwide restructuring carried out in the previous financial year.
Figures within the firm’s 2009-2010 limited liability partnership accounts, recently filed with Companies House, show that total staff and related costs at the magic circle firm dropped from £576 million in 2008-09 to £535 million in 2009-2010 — a reduction of 7.6 percent.
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