Clifford Chance Cuts 13 More

by lawshucks on March 23, 2012

Thirteen capital markets and finance associates in London facing redundancy.  The action is reportedly based on low attrition – which means they’re either replacing lower-performing junior and midlevel associates with untested fresh meat, or pandering to their relationships with the law schools by keeping up new hiring.

The firm has now laid off a reported total of 457 people.  201 lawyers and 256 staff.  That extends its lead over #4 DLA Piper (440) in the law firms’ overall layoff rankings.

Just four more lawyers and Clifford Chance could overtake Allen & Overy for #2 on the ranking of firms that have laid off the most attorneys.  CC needs 23 more to catch #1, White & Case.

No effect on the rankings for staff layoffs, where Clifford Chance is #10, just two people behind Baker & McKenzie.

This is the firm’s 14th reported round (go to the Layoff Tracker and filter by the firm’s name for the full list).  That’s #1 by a long shot.  DLA Piper has had ten reported rounds of layoffs for second place.

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