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26 février 2011 6 26 /02 /février /2011 05:09

The firm is consulting with more or less everyone, announcing plans for partnership cuts and talks with Links of London Mobile Charm associates. The emphasis at Clifford Chance, though, is on months rather than weeks. Clifford Chance is offering its associates the same three months' notice as Linklaters, but with an extra two months' Links of London N Charm as a payoff. Slimming down the partnership is trickier and more expensive than cutting associate numbers. Packages are generally tailored for the individual partners, negotiated with the managing partner or board members, and the trend is for smaller payouts. Time is money. Or at least, it is for the staff at Linklaters. The firm will slash up to 270 jobs in London as part of a strategic programme dubbed 'Project Links of London O Charm World'. The redundancy payments these people receive will be based on time. Those leaving will get three weeks' pay for each year worked at the firm, in addition to a payment equivalent to Links of London P Charm months' salary.

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