Clifford Chance (CC) spent almost £60m during the last financial year on its redundancy programme and partnership restructuring. Financial information contained within the firm's 2008-09 annual report released today (21 September) shows the firm paid out some £59m in restructuring costs relating to the overhaul of its partnership. The figure includes expenses relating to the June closure of the firm's Budpest office and other annuity costs.
September 21, 2009 at 09:42 AM
1 minute read
The original version of this story was published on Legalweek
Clifford Chance (CC) spent almost £60m during the last financial year on its redundancy programme and partnership restructuring.
Financial information contained within the firm’s 2008-09 annual report released today (21 September) shows the firm paid out some £59m in restructuring costs relating to the overhaul of its partnership. The figure includes expenses relating to the June closure of the firm’s Budpest office and other annuity costs.
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