Partner promotions down a third this year at top 50 UK law firms
New partner promotions across the UK's top 50 law firms plunged by a third between 2008 and 2009, with the downturn impacting on lawyers' opportunities to advance into the partnership. Taking into account promotions at firms such as Clifford Chance and Simmons & Simmons, which pushed their decisions back until the summer, there were 399 promotions across the UK's 50 biggest firms by revenue in 2009. This compared with 598 in 2008.
Magic circle sees 41% promotions fall while Lovells, Camerons and BLP increase on 2008
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