The trailblazing global law firm has had more than its share of knocks since the banking crisis. Will a popular new leader and strategic shake-up help Clifford Chance regain the magic?
‘There seems to be a point at every lunch and every cocktail party where the conversation turns to Clifford Chance. It always happens with conspiratorial whispers and knowing laughter, lawyers in City firms recount the latest tittle-tattle about the second largest firm in the world…
‘Why are people so obsessed with Clifford Chance? Because it is big? Because the lawyers are aggressive? Because the firm challenges City convention? Or it is because they are pioneers? Whether competitors know it or not, Clifford Chance has become a marker by which they measure themselves.’
Legal Business, June 1993