While its Magic Circle peers have made significant progress with modifying their locksteps to attract and retain talent, Clifford Chance (CC) is dragging its feet on implementing proposals voted in nearly two years ago.
In 2015 CC made amendments to its pay structure to allow leading partners to go up to 130 points, while plateau partners, as well as teams and geographies contributing less may be brought down and capped at 70. The ladder previously ranged from 40-100.
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