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Declining Pound, Pay Disputes Spur Lawyer Exits at Clifford Chance
Magic Circle law firm Clifford Chance is losing partners and cutting associates as it grapples with the decline of the pound and disputes over lockstep pay.
Legal Week reports that four Clifford Chance litigation partners based in New York City are poised to jump to other firms. James Moyle is joining Morgan, Lewis & Bockius, while Warren Feldman, David Meister and John Carroll are in talks to join Skadden, Arps, Slate, Meagher & Flom.
According to the American Lawyer, reports indicate that continuing lockstep disputes and the decline of the pound against the U.S. dollar are to blame for the current problems.
The law firm has struggled to bridge a cultural gap between its… Continue reading...
