CC launches firm-wide lockstep review

UK giant Clifford Chance (CC) has launched a firm-wide review of its compensation system that is expected to settle the contentious issue of paying US partners above its global lockstep.

The 3,000-lawyer firm set up a 10-member committee in February under the chair of head of corporate David Childs to review its global remuneration system as part of the firm’s five-year partnership review.

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