Clifford Chance looks to cut down management

The magic circle firm's new managing partner Matthew Layton is looking to streamline management and create a stronger executive team. He is taking the first step to do so by conducting a vote to remove seven roles from the committee. It is unknown which roles would be removed if passed. The vote is among one of two key changes proposed by Layton in his leadership campaign against  real estate finance partner Andrew Carnegie and Paris chief Yves Wehrli. Last year, Clifford Chance's LLP accounts show that the 16 members of management received an average of £1.13m each in the 2012-13 fiscal year. Source: The Lawyer