Clifford Chance is trying to change its constitution to make it easier to sack under-performing partners. Guess what the next step in the plan will be.
The firm dumped handfuls of associates just a few weeks back, and is now - according to The Lawyer - looking to remove the period of grace that partners are currently entitled to before being kicked out. Under the current, slightly murky, system non-productive partners (i.e. those not billing eight hours every day to the detriment of their social and sexual lives) are given astay of execution improvement period of between nine and 12 months. Those that up their billing may be allowed to stay on - those that don't get a 14 day termination notice.
Under the new proposals however, it seems some partners will just get 3 months' notice. Brass tacks, it means CC can get unwanted partners out the door a lot quicker. Which may be sensible as other lawyers tend to find the sight of unmotivated yet highly-paid partners spending a year improving their front crawl in the firm's otherwise-untouched swimming pool galling.
In a statement, the firm said "we are consulting with partners on possible changes to how partner performance is managed to bring the firm into line with best practice elsewhere in the industry". Oh right, sorry, so not just getting ready to kick out a load of partners. No way at all.
Tip Off ROF
The firm dumped handfuls of associates just a few weeks back, and is now - according to The Lawyer - looking to remove the period of grace that partners are currently entitled to before being kicked out. Under the current, slightly murky, system non-productive partners (i.e. those not billing eight hours every day to the detriment of their social and sexual lives) are given a
Under the new proposals however, it seems some partners will just get 3 months' notice. Brass tacks, it means CC can get unwanted partners out the door a lot quicker. Which may be sensible as other lawyers tend to find the sight of unmotivated yet highly-paid partners spending a year improving their front crawl in the firm's otherwise-untouched swimming pool galling.
A partner improving. What it won't look like anymore. |
In a statement, the firm said "we are consulting with partners on possible changes to how partner performance is managed to bring the firm into line with best practice elsewhere in the industry". Oh right, sorry, so not just getting ready to kick out a load of partners. No way at all.
Comments
56
52
If law firms want to be respected as businesses, they really need to grasp fundamentals.