Author: Sofia Lind
25 Feb 2010 | 00:01
Clifford Chance's (CC's) partnership has voted through changes to its corporate governance structure, cementing the firm's ability to take a tougher approach to partner performance.
Voting closed last week (19 February), with partners approving a range of changes to the partnership deed - including the removal of their right to protest a termination notice through a vote of the partnership.
CC's management committee, led by managing partner David Childs (pictured), will now have the final say on partner terminations, with the vote also paving the way for CC to shorten the warning period given to under-performing partners from 12 months to nine.
Previously, partners that were asked to leave following a poor performance review and a warning period could dispute the decision by taking it to a partner vote.
The changes will also tighten the appraisal system by formalising an annual review process that will see partners across all offices appraised on the same criteria, including billing and business levels.
The overhaul will come into effect in March, with other main amendments including a reduction in the size of the partnership council from 12 members to seven, with members elected by the partnership globally rather than regionally.
In addition, CC will establish a nomination committee for practice group head and regional management elections.
CC said: "We can confirm the proposal containing recommendations to streamline the firm's governance has been passed in a vote by the partnership."
COMMENTS(TOTAL 0 COMMENTS)
RELATED JOBS
FURTHER READING
MOST READ
MOST COMMENTED
Advertisement
COURSES
LATEST JOBS
Advertisement
RECRUITERS
LEGAL EVENTS
LEGAL BRIEFINGS
SERVICES SECTION
Legal Week Corporate Counsel Forum Europe
The Legal Week Corporate Counsel Forum is an elite gathering of Europe's leading in-house lawyers. Conference bookings: Steve Hands +44 (0)20 7004 7460 or legalweekconference @incisivemedia.com.
The Partnership Club - law firm subscriptions
To secure a firmwide subscription to Legal Week with full access to premium content for all of your firm's fee-earners and additional benefits, please email Pclubqueries@legalweek.co.uk
In-house Lawyers Group on LinkedIn
Legal Week's LinkedIn group for in-house lawyers, which now has more than 1,600 members, acts as a networking tool for senior in-house counsel to discuss key issues affecting their roles.
Legal Week's Twitter feed, which now has more than 1,000 followers, features a selection of the latest news, opinion, Career Clinic dilemmas and links to interesting articles from the world of law.
Making a Personal Injury Claim
Accidents Direct are one of the UK’s leading specialists in
Personal Injury Claims.
They offer a completely free of charge service for most
Compensation claims
which fall under their
no win no fee
agreement policy.