Clifford Chance has voted to update its early retirement package for partners, with the Magic Circle firm bringing the system in line with age discrimination laws.
Under the previous system, someone who made partner before 2005 could opt to take early retirement between the ages of 50 and 55 and receive five years of pension payments equaling up to 25 percent of plateau profits. Clifford Chance has now discarded the age reference and will instead base the system on years of service.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]