CC pushes up pay to £1.25m per head for management committee

February, 12 2015

The 16 members of the Clifford Chance management committee saw their remuneration boosted by 11 per cent in 2013/14 - according to the practice's latest set of accounts.

Clifford Chance management has enjoyed an 11 per cent hike in pay BasPhoto

The pay hike is faster than the seven per cent growth in revenue (up to £1.36b) and the five per cent growth in operating profit (up to £412m). The sum is also markedly greater than the 5.4 per cent rise in staff costs (to £588m). Partner numbers fell by only four to reach a total of 573. This is in marked contrast with some firms which have been cutting back on partner numbers. Source: Legal Business