Law firms

Clifford Chance overhauls partnership structure amid management bid to clear $5m PEP

Clifford Chance overhauls partnership structure amid management bid to clear $5m PEP

Clifford Chance is revamping its partnership model, introducing a formal non-equity ‘local partner’ tier, as part of ambitious plans to boost profitability.

The firm is gearing up to announce a new cohort of local partners firmwide, with the move forming one plank of a management push to nearly double profit per equity partner (PEP) over the next five years.

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