2019 Vault Rankings
“True collegial environment”
“The workload expectation”
“Offices could be nicer”
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.
Success in the Americas
Starting in the 1990s, Clifford Chance trailblazed the way forward for international firms practicing US law. Now almost two decades removed from its merger with New York litigation powerhouse Rogers & Wells, Clifford Chance has a thriving, full-service US firm with nearly 300 lawyers and offices in New York and Washington, DC. Clifford Chance offers seamless access to leading US, regional and global platforms, with a deep understanding of domestic, Latin American, and global markets. In the Americas region, Clifford Chance boasts six Band/Tier 1 practices and routinely works on high-profile matters. For example, the firm's New York office advised the issuer of the largest IPO in the world at the time; led on the $1 billion REIT offering that included the Empire State Building; and represented a consortium of global banks that financed the expansion of the Panama Canal. Clifford Chance's US Project Finance team once again topped the 2017 LatAm league tables for both volume and value. The firm's US investigations team was named 2017 US Export Controls “Law Firm of the Year” for advising a telecom company through a multi-year investigation. And the US M&A team regularly advises on complex, high-stakes deals for large domestic and multinational companies — for example, Coca-Cola on its acquisition of an international beverage company and Mondelēz International on the $18.7 billion merger of Dr Pepper Snapple Group and Keurig Green Mountain.The US team has a leading reputation for asset finance, insurance M&A, structured finance, fund formation, and also tax, where Clifford Chance's NY partners developed the solution necessary for AB InBev and SABMiller to finally complete their $100 billion merger.
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. 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.
IN THE NEWS
Clifford Chance announced that it had advised Ategrity Specialty Insurance Company on its Formation as an Excess and Surplus Lines Insurer. Ategrity Specialty, a specialty property and casualty insurance company will be focused on the excess and surplus lines market. This is the seventh insurance and reinsurance formation handled by the Firm's New York office under the leadership of Insurance and M&A partner Gary Boss. Clifford Chance has advised on most of the completed deals in this market since the market's inception, with an aggregate value of US$4.86 billion for the six deals preceding the Ategrity Specialty launch between 2014 and 2018.
A repeat winner of the IJGlobal Deal of the Year Awards, Clifford Chance’s powerhouse Latin America team won an impressive seven awards showcasing their expertise in the region across practices and sectors. The team took awards for: Latin America Downstream Oil & Gas Deal of the Year: Petroperú/Talara Refinery Bond Offering, Latin America Project Bond Deal of the Year: Autopistas del Sol (Ruta 27) Refinancing 2017, Latin America Transmission/Distribution Deal of the Year: Melo-Tacuarembo, Latin America Telecoms Deal of the Year: Red Compartida, Latin America Transport Deal of the Year: Ruta al Mar, Latin America Onshore Wind Deal of the Year: AELA, and Latin America Multisource Financing Deal of the Year: Pirapora solar project in Brazil.
Clifford Chance welcomed three partners to its Americas Litigation & Dispute Resolution practice, continuing a wave of high-profile growth and making a stronger team even stronger. Joshua Berman joined from the United States Department of Commerce, where he served as Deputy General Counsel and managed more than 350 lawyers globally with responsibility for a wide range of substantive matters, including: CFIUS, international trade controls, classified investigations, cybersecurity, ethics guidance, data privacy, international anti-corruption efforts, Congressional investigations and oversight. Glen Donath joined from Katten Muchin, where he served as co-chair of the White Collar, Investigations and Compliance practice in DC. He previously served as a Senior Assistant US Attorney in the Fraud and Public Corruption Section of the US Attorney's Office for the District of Columbia, where he conducted grand jury investigations and prosecuted cases involving a wide variety of white collar matters. Celeste Koeleveld, the former General Counsel of the New York State Department of Financial Services and Chief of the Criminal Division for the Southern District of New York, brought more than 25 years of experience in government enforcement, regulatory, and civil litigation matters that span federal, state, and local government in the United States.
In May 2017, Clifford Chance announced its role as Strategic Partner and exclusive law firm of the Inter-American Development Bank's (IDB) new Fintech initiative. The IDB's Multilateral Investment Fund program, FINCONECTA will integrate solutions between financial technology companies (FinTechs) and financial institutions. As part of this strategic partnership, Clifford Chance delivered a series of presentations and webinars to the FINCONECTA participants, as well as provide other legal advice to the participant FinTechs.
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.
Clifford Chance led the way for international firms when it started practicing US law in the 1990s. Now a thriving, full-service domestic Firm, Clifford Chance US operates from offices in New York, Washington, DC and São Paulo (celebrating its 20th anniversary), while also offering clients the benefit of seamless access to a leading global platform. The US Firm's 300 lawyers have a deep understanding of US, Latin American and global markets.
We are a high-quality, full-service US law firm advising clients on their most important and complex domestic and cross-border mandates. We attract the best and brightest people who want to practice US law at the top level. They want to work on interesting, challenging matters in a supportive team-based environment, where the collective goal is to help our clients – elite US and multinational companies – succeed in a global marketplace. We often hear from our associates that Clifford Chance was their first choice out of law school.
31 West 52nd St.
New York, NY 10019
Phone: (212) 878-8000
Employer Type: Private
Managing Partner: Matthew Layton
U.S. Managing Partner: Evan Cohen
Recruiting Chairs: Nicholas R. Williams & Steve Nickelsburg
Total No. Attorneys 2018: 2,500
New York, NY
1st year: $190,000
2nd year: $200,000
3rd year: $220,000
4th year: $255,000
5th year: $280,000
6th year: $305,000
7th year: $325,000
8th year: $340,000
9th year+: $350,000
Summer associate: $7,916.67/semi-monthly
21 out of 22 (2Ls only) (2018)
New York, NY
Banking & Finance
Energy & Infrastructure
Financial Services Regulatory
Funds & Investment Management
Mergers & Acquisitions
Regulatory Enforcement and White Collar
Restructuring & Insolvency
Tax, Pensions & Employment