[image_library_tag 798/85798/cc.jpg' width="220" align="left" vspace="5" border="0" />The suspicion that law firms cutting staff has become old news has been disproved today by Clifford Chance (CC), whose announcement that it is consulting over 70-80 lawyer redundancies in the City has set the wires buzzing.

On current form, the story will drive legalweek.com to its busiest day for web traffic by a country mile, and is even in danger of overtaking the web phenomenon that was Shearman’s unhappy brush with a lap-dancing club. All that before you get to sizeable reports in UK broadsheets, major news wires and The Wall Street Journal.