Clifford Chance partners say that the firm’s recent decision to move to a more cash accounting-focused financial model is having a “positive effect” on the firm – but add that the firm has a long way to go to catch up to the efficiencies of its U.S. rivals.

The elite U.K. firm took the decision to switch up its financial infrastructure system last October. It introduced a revamped distributions system that provides partners more clarity on what to expect in terms of upcoming amounts and timing of payments, as well as more regular updates on how the firm’s cash collection efforts stand. 

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

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]