Two weeks ago Clifford Chance’s (CC) 581-strong global partnership gave its permission to the streamlined management team introduced by managing partner Matthew Layton to overhaul the firm’s lockstep structure.
Though the details are sketchy, with the firm refusing to confirm anything relating to the shake-up, the end result appears to be that CC will find it easier to reward star performers and, at the same time, deal with those who are not pulling their weight, or who are simply sitting in less profitable practices or regions.
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