Even Partners Face Ax As Law Firms Cut Deeper

Law360, New York (February 4, 2009, 12:00 AM EST) -- Layoffs at law firms are spreading to the partner ranks, as a recent announcement by Clifford Chance LLP shows, indicating that seniority is now taking a back seat to harsh economic realities, even for the biggest fish in the legal pond.

The international firm announced Wednesday that it would “review the shape and size of the firm’s partnership,” in a move that “is likely to result in an overall reduction in partner numbers” if approved by the firm.

London-based Clifford Chance has a total of 633...
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