Clifford Chance has announced the election of 32 lawyers to its partnership, bringing the firm closer to its goal of achieving gender equality.
The latest round of promotions includes 12 women, accounting for 38 percent of the total, which is slightly lower than last year’s cohort. However, the firm has maintained its five-year average of 37 percent of new partners being women. This promotion round also includes 38.5 percent of underrepresented minority ethnic lawyers, exceeding the firm’s target of 15 percent for the third consecutive year.
The promotions keep Clifford Chance on track to achieve its objective of having at least 40 percent of its global partnership made up of women by 2030.
The firm had a 23.4% female partnership as of last summer. The UK and Europe received the majority of the promotions, with the remainder in the US and Asia. Corporate and global financial markets received the most promotions, followed by litigation and dispute resolution, tax, pension and employment, and construction.
Charles Adams, the global managing partner of Clifford Chance, praised the new partners, stating that they would help to focus on areas that would deliver exceptional outcomes for the firm’s clients and shape its future as one of the world’s leading global firms.
In the past year, Clifford Chance has hired Nina Goswami, formerly the BBC’s creative diversity lead, as its first UK head of inclusion, and Charles Alberts from Aon as its first global head of wellbeing and employee experience.
Clifford Chance has also added 24 partners through lateral hires, including a funds partner in Hong Kong from Kirkland & Ellis and Norton Rose Fulbright’s global technology co-head in Singapore.
The firm has been expanding its US insurance practice, recruiting partners from Mayer Brown and Sidley Austin and a counsel from Debevoise & Plimpton in New York.
In the previous year, the firm reported revenue growth of 8 percent to and a 10 percent increase in profit per equity partner to £2.04m (USD$2.55m) overtaking Allen & Overy in terms of PEP.