Clifford Chances’ profits and revenues have fallen. But the London partners seem to have succeeded in maintaining ‘lockstep’, its partner compensation points system. But the firm is set to take a tougher stance on partner profitability and performance.
Clifford Chance’s management is set to publish this week its long-awaited partner compensation review, which will reaffirm its commitment to lockstep – despite pressure from some US partners to retain or expand a superpoints system The review’s conclusions signal a victory for London partners, who have traditionally taken a strong pro-lockstep line, although they are […]