Clifford Chance US LLP at a Glance

Uppers

  • “International opportunities”
  • “Great culture”
  • “Work/life balance”

Downers

  • “Lack of diversity”
  • “Bad partnership prospects”
  • “Unpredictable workflow”

About Clifford Chance US LLP

In many ways, the formation of Clifford Chance presaged the future of modern law practice, especially as it is carried out in its native City of London. Predecessor firm Coward Chance traces its history back to the solo law practice of Anthony Brown, a fishmonger's son, established in London in 1802. Brown went on to be one of the city's most prominent solicitors and the Lord Mayor of the City of London. A century later, Clifford Turner was founded by Harry Clifford Turner in London. The Modern Clifford Chance was created in 1987 when giant U.K. firms Coward Chance and Clifford Turner merged, creating an entity The Times of London called "the country's first mega law firm." Indeed, Clifford Chance was twice as large as the firm that had previously been the U.K.'s largest: Linklaters & Paines.

When Two Firms Become One

Clifford Turner and Coward Chance shared two distinctive and important goals: international expansion and scaling-up of their businesses. While neither Coward Chance nor Clifford Turner was considered a top-tier or elite firm per se on its own, leaders of the combined Clifford Chance resolved to build a worldwide firm that would innovate and collaborate across borders and set new standards of excellence for the practice of law in a global economy. And that's exactly what happened. Clifford Chance opened offices and built client lists around the world, adopting a cross-border focus well before such an outlook became commonplace. At the same time, the firm grew from hundreds of attorneys to thousands, which enabled it to take on several major deals and cases and to work on them simultaneously.

Financiers' Friend

Today Clifford Chance has 33 offices spanning key markets across the Americas, Asia Pacific, Europe, the Middle East, and Africa, with a particularly strong reputation in the financial sector. It also has a flourishing and growing litigation practice, climbing to No. 5 in the most recent GIR 30 list. The firm offers substantive experience in a wide array of practice areas and industry sectors, including banking, consumer goods and retail, energy and resources, financial services, funds and investment management, government and public policy, health care, life sciences and chemicals, industrials, insurance, private equity, real estate, technology and telecom, and transport and logistics.

Success in the Americas

The firm has delivered strong results in the U.S. in recent years and is widely recognized for its strength in several Americas practices, including project finance (where its US team topped the Latin America league table for both volume and value in 2015), REITs (where it advises on major deals like the $1 billion IPO of ESRT, which includes the Empire State Building), asset finance (where its team has three Tier 1 partners and was named firm of the year by Legal 500 United States in 2014), insurance M&A (where its work on new reinsurance companies have garnered two "capital raise of the year" designations in the past three years), structured finance, fund formation, and cross-border investigations (including representation of major figures in the London Whale and FIFA cases). Offices in New York, Washington, DC, and São Paulo (the first opened by an international law firm in 1998) comprise nearly 300 lawyers, each with a thorough understanding of U.S., Latin American, and global markets.

IN THE NEWS

Ongoing
Ain't That a Kick

Clifford Chance litigation partner Edward O'Callaghan is representing Jeffrey Webb, the former President of CONCACAF and FIFA Executive Committee Member, who was charged in a criminal RICO indictment. O'Callaghan, who also advised Achilles Macris (head of the London branch of JP Morgan's chief investment office, where the trader nicknamed the "London Whale," Bruno Iksil, worked), is a former US federal prosecutor who served as co-chief of the terrorism and national security unit of the U.S. Attorney's office in New York.

May 2017
Fintech Fever

In May 2017, it was announced that Clifford Chance had become the Strategic Partner and exclusive law firm of the Inter-American Development Bank's (IDB) new Fintech initiative. The IDB's Multilateral Investment Fund (MIF) program, FINCONECTA will integrate solutions between financial technology companies (FinTechs) and financial institutions. As part of this strategic partnership, Clifford Chance is delivering a series of presentations and webinars to the FINCONECTA participants, as well as provide other legal advice to the participant FinTechs.

May 2017
Let's Do Launch

Clifford Chance announced that it had advised on the formation and capital raise of Premia Holdings Ltd. and its wholly owned subsidiary, Premia Reinsurance Ltd. Premia is the fifth reinsurance launch handled by the Firm's New York office under the leadership of Insurance/M&A partner Gary Boss. Clifford Chance has advised on most of the completed deals in this market since its inception, with an aggregate value of US$4.36 billion, including the Premia deal. Other deals include the award-winning launches of Watford Holdings (US$1.13 billion in 2014) and Fidelis Insurance Holdings (US$1.5 billion in 2015) - both recognized as the best capital raise of their respective years by Reactions magazine - as well as the launches of Harrington Reinsurance Holdings Limited (US$600 million in 2016) and KaylaRe (US$620 million in 2016).

April 2017
Great Advice

Clifford Chance launched Advice to My Younger Self: Reflections of Successful Women Lawyers, a bespoke book developed with Legal 500 and GC Magazine, that profiles 20 Clifford Chance partners, associates and alumnae who speak candidly about the choices, strategies and challenges that enabled them to define professional success on their own term. The book, which can be read digitally on the Legal 500 US website, is a practical resource for anyone looking to aim high and find the right balance. The book was profiled in the May 2017 edition of Metropolitan Corporate Counsel.                           

March 2017
Repetition Is the Sincerest Form of Flattery

After winning eight distinct Deal of the Year awards in 2016 for their industry-leading Project Finance work in Latin America, Clifford Chance's US lawyers were honored again when they won IJ Global's top award for Latin America Roads work, which recognized the Autopista Pacifico Tres project in Colombia. Continuing it's strong work in this area, in June 2017 Clifford Chance advised Citigroup Global Markets Inc. in the structuring of an innovative US$350.75 million dual offering of international and local project bonds by Autopistas del Sol, S.A.-the only project of its kind in Costa Rica and the first offering of project bonds out of a non-investment grade Central American country, making it a milestone deal in the Latin American market overall.

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Clifford Chance US LLP

31 West 52nd St.
New York, NY 10019
Phone: (212) 878-8000

Stats

  • Employer Type: Private
  • Managing Partner: Matthew Layton
  • U.S. Managing Partner: Evan Cohen
  • Recruiting Chairs: Nicholas R. Williams & Steve Nickelsburg
  • Total No. Attorneys 2017: 2,493

  • Base Salary
    New York, NY
    1st year: $180,000
    2nd year: $190,000
    3rd year: $210,000
    4th year: $235,000
    5th year: $260,000
    6th year: $280,000
    7th year: $300,000
    8th year: $315,000
    9th year+: $325,000
    Summer associate: $7,500/semi-monthly

  • Summer Associate Offers
    26 out of 26 (2Ls) (2016)

  • Major Departments & Practices

    Antitrust/Competition • Arbitration • Asset Finance • Banking & Finance • Bank Lending • Capital Markets • Commercial Litigation • Corporate Finance/Securities • Energy & Infrastructure • ERISA/Executive Compensation • Financial Services Regulatory • Funds & Investment Management • Insurance • Investigations • Latin America • Mergers & Acquisitions • Private Equity • Project Finance • Real Estate • REITs • Regulatory Enforcement and White Collar • Restructuring & Insolvency • Securities Litigation • Structured Finance • Tax, Pensions & Employment

Major Office Locations

  • New York, NY • Washington, DC Abu Dhabi • Amsterdam • Bangkok • Barcelona • Beijing • Brussels • Bucharest • Casablanca • • Dubai • Düsseldorf • Frankfurt • Hong Kong • Istanbul • Jakarta (in association with Linda Widyati & Partners) • London • Luxembourg • Madrid • Milan • Moscow • Munich • Paris • Perth • Prague • Rome • São Paulo • Seoul • Shanghai • Singapore* • Sydney • Tokyo • Warsaw *Clifford Chance Asia is a Formal Law Alliance in Singapore between Clifford Chance Pte Ltd and Cavenagh Law LLP