Law firm Clifford Chance is cutting about 10 per cent of its business services staff in London, pointing to increased use of artificial intelligence as one reason for the job losses.
Roughly 550 employees, in areas including finance, HR and IT, were told last month about plans to make some 50 jobs redundant and to bring in role changes for up to 35 others, according to people with knowledge of the details.
The elite firm, where partners earned an average of ￡2.1mn in the past financial year, told staff that greater use of AI and reduced demand for some business services meant that it needed to cut jobs, the people said.
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