Clifford Chance (CC) has broken its core lockstep in London and New York to use the ‘super-point’ tier reserved to reward star performers, with the news emerging as the firm considers placing some of its international offices on a lower rung of its lockstep to boost profitability.
The magic circle firm, which overhauled its three-tier lockstep system in 2015, has long had the ability to reward top-performing partners by moving them above its core 100-point plateau, but has previously opted against such a move – even for lateral hires in the highly competitive US market.
