Racking the beer to a secondary vessel used to be a very popular practice because it was believed that getting the fermented beer off the yeast cake would clear up the beer, and prevent autolosis, (yeast cannibalizing when they've depleted their resources.)
Studies have shown it takes months for negative effects to occur from your beer being left on the yeast cake. Also there was not much difference between conditioning in the primary vessel and racking to a secondary. In fact more harm than good can be done by racking your beer. A brewer can put his beer at risk of oxidation, contamination, and prevent the beer from attenuating fully if it is racked.
It is advised for clarifying the beer to just leave it in the fermenter and cold crash it, (take it down to a freezing temp very rapidly) and hold it for 48 hours. This makes all the chill haze forming proteins and the dead yeast cells drop to the bottom of the fermenter leaving crystal clear beer the brewer can rack off of a solid yeast cake. I take it one step further and use a tea spoon of gelatin to help coagulate all the stuff I don't want in my finished product. The end result is 5 gallons of beer that looks like its been run through a .5 micron filter without the trouble of filtering or loosing a lot of the beer's character from filtering.