The bulk of the City's top 10 law firms have stated that they will not be following Clifford Chance's (CC's) lead with formal redundancies in London in the immediate future. Magic circle firm Linklaters was the only firm that refused to comment, with all of the remaining firms saying they had no lawyer job cuts in the pipeline. Allen & Overy (A&O), the firm regarded by many as the most likely to make cuts after CC as a result of its large finance practice, said it had no imminent plans. The firm said in a statement: "Like any business we cannot rule out the possibility of having to make targeted redundancies in particular practice groups or offices if there is a sustained downturn or if there are exceptional business reasons."
January 15, 2009 at 08:03 AM
1 minute read
The original version of this story was published on Legalweek
CC’s City peers resist quick move to cut lawyers despite uncertain economic outlook
The bulk of the City’s top 10 law firms have stated that they will not be following Clifford Chance’s (CC’s) lead with formal redundancies in London in the immediate future.
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