The FT reports that Clifford Chance, the law firm at the centre of 'padding' allegations, is going into overdrive to limit the damage the claims will have on its business.
A damaging 13 page memo authored by six junior Clifford Chance US lawyers was recently made public. The memo accuses the firm of 'padding', a process where hours spent working for a client are inflated in order to meet internal billing targets.
The firm is now thought to have convened a 'war council' in order to limit the damage and prevent client defections. Jeff Wagland, a Clifford Chance spokesman said: 'We are adamant that padding does not happen; there are numerous safeguards in place and bills are vetted by partners. The suggestion in the memo is just that there is a temptation to exaggerate the number of hours worked'. Is that 'padding' ?
The firm has also confirmed that it is, however, reviewing its billing hours requirements.