Clifford Chance (CC) is the latest in a raft of firms to slash its headcount in Russia as Allen & Overy has ditched having a solely Moscow-based managing partner to head its office.

CC is making five lawyers and five non-legal staff redundant. The redundancies are underway and will be complete by the end of the financial year.

The firm is also relocating Moscow-based M&A partner Nick Rees to London at the end of April.