Clifford Chance’s office in Budapest, Hungary will spin off from the firm, to form the new Lakatos, Köves & Partners. London’s Clifford Chance says it is dropping the office as part of a reorganization of international resources. All of Clifford Chance’s lawyers and staff in Budapest will transfer to the new firm by the end of this [...]
Continue reading...Thursday, July 9, 2009
According to sources, Clifford Chance has lost almost 50 partners since March of this year, most from New York City and the London headquarters office. Eighteen partners have left the firm in London, and another 18 in New York. Twelve have jumped ship in Europe. Clifford Chance is restructuring, and expects to lose 90 further partners, or [...]
Continue reading...Wednesday, July 1, 2009
Magic Circle law firm Clifford Chance saw average profits per equity partner drop 37% to £733,000 ($1.2 million) in the last fiscal year. Revenue fell 5% to £1.26 billion, which means Clifford Chance is no longer the world’s largest law firm by revenue. The firm recently saw a mass defection of New York litigation partners and associates [...]
Continue reading...Wednesday, June 17, 2009
We have been reporting on the saga of Clifford Chance’s US litigation practice. Group head Mark Kirsch jumped ship to Gibson Dunn, leaving the fates of 29 New York litigation associates in doubt. Now the futures of those associates are coming into focus. Seven associates are going to Gibson Dunn with Kirsch and partners Joel Cohen and [...]
Continue reading...Tuesday, April 28, 2009
Three capital markets partners in Clifford Chance’s Milan, Italy office are leaving to set up shop on their own. Paolo Calderaro, Michele Crisostomo and Silvio Riolo will bring at least one Clifford Chance associate along for the ride. Calderaro was head of structured finance in Milan. No details about the new firm have been announced. If you [...]
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Thursday, July 9, 2009
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