Clifford Chance (CC) has ruled out further redundancies in its finance practice as a result of the credit crunch, following the firm's axing of a six-lawyer team from its New York office on Monday (5 November). As first reported by Legal Week's sister publication, The New York Law Journal (6 November), the magic circle giant laid off the six-associate team as Manhattan's structured finance lawyers feel the repercussions of the sub-prime mortgage crisis.
November 07, 2007 at 11:51 PM
1 minute read
The original version of this story was published on Legalweek
Clifford Chance (CC) has ruled out further redundancies in its finance practice as a result of the credit crunch, following the firm’s axing of a six-lawyer team from its New York office on Monday (5 November).
As first reported by Legal Week’s sister publication, The New York Law Journal (6 November), the magic circle giant laid off the six-associate team as Manhattan’s structured finance lawyers feel the repercussions of the sub-prime mortgage crisis.
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