Clifford Chance. Courtesy photo. Clifford Chance Further Modifies Lockstep to Better Reward Top Performers
The top of equity at the firm can now reach £12 million, according to one person familiar with the matter, amid a frantic London hiring market.
October 25, 2024 at 09:23 AM
2 minute read
Lawyer Compensation - General
Clifford Chance, the U.K.'s largest law firm by revenue, has become the latest major legal institution to soften its lockstep, as law firms continue to refine remuneration processes in order to best retain senior talent.
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Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
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