Clifford Chance US LLP at a Glance

Uppers

  • “Truly international network/deals”
  • “Rotation system among practice areas”
  • “Lockstep approach”

Downers

  • “Outdated technology”
  • “Partnership prospects”
  • “International phone calls”

The Buzz

  • “Huge internationally”
  • “Good regulatory practice”
  • “British”
  • “Focused outside the U.S.”

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. The firm 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.

Focus On Management

As managing partner during the 1990s, Geoffrey Howe brought a new perspective on law firm management. Howe recognized that the firm's international growth required a more centralized leadership style than a traditional partnership in which individual partners held considerable sway over decisions large and small. To that end, he formed committees that were given clear tasks and decision-making responsibilities, outlined firm-wide objectives and progress monitoring and even hired professionals with non-legal backgrounds to assist with specific management challenges. At the same time, Howe and other firm leaders worked to maintain a unified culture and a sense of investment that would protect Clifford Chance's roots as a partnership. Soon other major U.K. firms, known collectively as the Magic Circle, were replicating Clifford Chance's global focus and growth management approaches.

And Then There Were Three

In 2000, Clifford Chance changed the game again, pulling off a three-way merger with U.S.-based firm Rogers & Wells and Germany's Pünder Volhard Weber & Axster. Later in the decade, continuing its theme of building efficiency while expanding worldwide, the firm established an attorney support service at a specialist center in India and also created an India facility that houses centralized administrative, business research and IT operations.

Financiers' Friend
Today Clifford Chance has 36 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. 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 REITs, aircraft finance, fund formation, project finance and cross-border investigations. 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

May 2015

Software Wars

Clifford Chance is advising Autonomy founder Mike Lynch against allegations of financial impropriety and misrepresentation made by Hewlett Packard, which acquired Lynch's software company in 2011 for US$11 billion.

Clifford Chance is advising Mondelez International on the combination of its coffee business with that of D.E. Master Blenders 1753 B.V., creating the world's leading pure-play coffee company.

April 2015

Test Your Luck
Clifford Chance advised GTECH S.p.A.-the Italian-based lottery, gaming and sports betting group-on its US$7.6 billion acquisition of International Game Technology, the Las Vegas gaming machine maker. The firm also helped GTECH to obtain US$10.7 billion of financing to loans to fund the transaction.

Traveling through Peru at the Speed of Light
Clifford Chance advised BESI-Grupo Novo Banco and Credit Suisse on a $273.7 million financing for the Red Dorsal Nacional de Fibra Optica project. The nationwide fiber optic network will span approximately 13,400 km in Peru and is the first ever to be developed in the country.

December 2014

The New Majority
Clifford Chance advised Hearst Corporation on its US$1.965 billion purchase of a 30 percent equity stake in Fitch Group. The transaction increases Hearst's ownership interest in Fitch to 80 percent.

July 2014

Welcoming Back Ecuador
Clifford Chance advised joint bookrunners Credit Suisse and Citigroup when Ecuador returned to the international capital markets after six year of exile. The country's successful sovereign bond offering raised US$2 billion.

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Clifford Chance US LLP

31 West 52nd Street
New York, NY 10019
Phone: (212) 878-8000
www.cliffordchance.com

Stats

  • Employer Type: Private
  • Managing Partner: Matthew Layton
  • U.S. Managing Partner: Evan Cohen
  • Total No. Attorneys 2015: 2,564

  • Employment Contact
    Nicholas R. Williams
    Hiring Partner, New York
    Phone: (212) 878-8000 Steve Nickelsburg
    Hiring Partner, Washington, DC
    Phone: (202) 912-5000 Global recruiting contacts at www.cliffordchance.com/usrecruiting

  • Base Salary
    New York, NY
    1st year: $160,000
    2nd year: $170,000
    3rd year: $185,000
    4th year: $210,000
    5th year: $230,000
    6th year: $250,000
    7th year: $265,000
    8th year: $280,000
    Summer associate: $3,077/week

  • Summer Associate Offers
    23 out of 23 (2014)

  • 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 • Doha • Dubai • Düsseldorf • Frankfurt • Hong Kong • Istanbul • Jakarta* • Kyiv • London • Luxembourg • Madrid • Milan • Moscow • Munich • Paris • Perth • Prague • Riyadh* • Rome • São Paulo • Seoul • Shanghai • Singapore • Sydney • Tokyo • Warsaw *in association with Linda Widyati & Partners

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