CC and A&O push back partner promotions
Clifford Chance (CC) and Allen & Overy (A&O) have delayed their 2009 partner promotions, making them the only magic circle firms to do so. CC is pushing back this year's promotions process until the firm completes its restructuring, which was approved by a vote late last month (23 March) and is likely to see the firm's partnership cut by between 10% and 15%.CC said it expects the review to be completed by the summer and that it will begin the partner promotions process once the restructuring is finalised.
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