LONDON – Clifford Chance (CC) reduced staff costs by £41m ($65,579,434) during 2009-10, after cutting its total headcount by 12% during the extensive firmwide restructuring carried out in the previous financial year.
Figures within the firm’s 2009-10 limited liability partnership (LLP) accounts, recently filed with Companies House, show that total staff and related costs at the magic circle firm dropped from £576m in 2008-09 to £535m in 2009-10 – a reduction of 7.6%.
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