Clifford Chance (CC) partners have given the go-ahead to plans to reduce the size and shape of the magic circle firm's partnership. A partnership vote closed earlier today (23 March), with the firm achieving the majority required to allow management to restructure the partnership. It is thought that two-thirds of partners were required to approve the temporary amendments to the partnership deed, with the vote meaning the restructuring can now formally commence.
March 23, 2009 at 08:26 AM
1 minute read
The original version of this story was published on Legalweek
Clifford Chance (CC) partners have given the go-ahead to plans to reduce the size and shape of the magic circle firm’s partnership.
A partnership vote closed earlier today (23 March), with the firm achieving the majority required to allow management to restructure the partnership.
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