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...A government paper, set to be published on Friday, will set out recommendations for building the scale of AI responsibly....
...The multi-strats are a harder to scale business than a factor business. I wouldn’t short one of these firms, but it’s going to be harder for them going forward....
...Akin Gump, a Washington, DC-based law firm, pays its lawyers with reference to a US pay scale, whether they are based in London or New York....
...Matthew Clifford, an artificial intelligence adviser to the government, and Ian Hogarth, chair of the AI Safety Institute, also received CBEs....
...In 1993, Chris Taylor, a son and grandson of miners, decided to take an apprenticeship with Clifford Chapman Metalworks, in Washington, near Sunderland, as a coppersmith sheet metalworker....
...For some firms, joining forces to produce scale may be a better long-term plan....
...Without appropriate guardrails, there might be a substantial risk of a “large-scale biological attack”, he said....
...Law firm Clifford Chance, like HSBC, plans to relocate as part of a downsizing. Canary Wharf has underperformed on revenue per available metre metrics since the pandemic....
...The proposed deal represents the first merger between a London-based magic circle firm and an American rival since Clifford Chance joined up with Rogers & Wells in 2000....
...In a bid to build scale, Shearman had been offering new hires big guaranteed payouts, according to several former partners who said the move had sparked internal tensions....
...Equity partners at Allen & Overy and Linklaters saw their share of profits fall in the most recent financial year while Clifford Chance’s profit per equity partner was flat....
...Matt Clifford observed that, “You can have really very dangerous threats to humans that could kill many humans, not all humans, simply from where we’d expect models to be in two years' time.”...
...Tony Williams, principal at Jomati Consultants and former managing partner of Clifford Chance, which merged with a US firm in 2000, said: “Large mergers between law firms are very difficult to achieve in...
...The firm has attempted to scale up in more profitable areas like private equity....
...Clifford Chance has elected 32 new partners. Slaughter and May has appointed Matthew Tobin and Guy O’Keefe as co-heads of finance, per The Lawyer....
...“[A merger] gives you a transformational step forward in scale and capability,” he noted....
...Clifford Chance’s former global managing partner Matthew Layton is joining public relations and advisory firm FTI Consulting as a senior adviser for Europe, the Middle East and Africa....
...Finley referred me to an excellent paper about balancing the risk and behaviour theories of the value premium, written in 2014 by Clifford Asness and John Liew....
...The same Big Cheeses insisted that there would never be another Snowden: such a leak on that scale simply wouldn’t happen....
...Clifford Chance also introduced a special bonus system for its UK private equity team....
...They both joined from Clifford Chance. The Chicago-based law firm also hired Jamie Lynn Walter to join its investment advisory team in Washington DC. She was most recently at Kirkland & Ellis....
...In a series of posts on Twitter, Clifford Asness, founder of the $140bn fund, described the LME as “slime balls”....
...The jaw-dropping scale of Russian wealth became visible in 2007 when Andrei Vavilov, a financier, agreed to pay $53.5mn for two penthouses at the Plaza Hotel....
...US firm Cravath moved away from this in December last year and changes have been made by Clifford Chance, Freshfields and Allen & Overy....
...Clifford Chance, a leading law firm, now offers newly-qualified solicitors starting pay of £125,000 a year....
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