Law firms

‘A more complex approach’: CC votes through more lockstep reform to fend off mounting US threat

‘A more complex approach’: CC votes through more lockstep reform to fend off mounting US threat

In a bid to keep pace with high-paying US rivals, Clifford Chance (CC) has voted through another round of changes to its remuneration, introducing more flexibility to pay top billers.

Following a partnership vote which closed last week, the firm’s management has been handed ‘more flexibility’ to hike compensation for top earners, amid expectations that a select few could be handed deals worth 150 points, enough to push earnings over £2m.

This article is for Legal Business subscribers. Please log in or subscribe to read on.