Key facts
- Two former Clifford Chance partners, Clifford Cone and Michael Sabin, are suing the firm.
- The lawsuit alleges Clifford Chance is attempting to claw back $5.8 million in compensation.
- The partners are moving their investment funds practices to Sidley Austin.
- The lawsuit was filed in New York federal court.
Two former equity partners of the law firm Clifford Chance, Clifford Cone and Michael Sabin, have filed a lawsuit in New York federal court. The suit challenges the firm's attempt to reclaim approximately $5.8 million in profits from the partners following their decision to leave Clifford Chance and join Sidley Austin in January. The former partners allege that the firm's profit clawback system is being unfairly applied after their departure.