Cuts, closures and lockstep reform - what's next for the magic circle in Germany?

In the light of Freshfields' steep cuts in German partner numbers, what does the future hold for the magic circle in Germany?

Germany

Freshfields Bruckhaus Deringer is reducing its partner count by 20%, Clifford Chance (CC) and Linklaters are capping partner pay at a lower level, and Allen & Overy (A&O) has toyed with a similar move – these are tricky times to be a magic circle partner in Germany.

With partnerships in the country under intense scrutiny in recent years, and no signs of this abating, Legal Week asked partners at a range of firms in Germany why there is so much pressure on performance.

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