Partners: They're What's For Dinner

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Reprinted and/or posted with the permission of Daily Journal Corp. (2009)

Cost cutting is not enough to resolve the operating model problem of BigLaw, as demonstrated by the partners at Clifford Chance voting to throw at least 10 percent of their

own on the dinner table. The situation as communicated by leadership was dire enough that more than the required two-thirds partners saw it in their urgent self interest to forcibly eject so many comrades from the firm. The precedent of a U.K. “Magic Circle” firm adopting such

extraordinary measures deserves some attention. How such a measure could be presented in a way for partners in a U.S.

BigLaw firm to be encouraged to vote for the demise of many of their friends and comrades, and with some assurance that

they themselves were not on the menu, is going to be on the agenda for many firms over the next six months.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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