Variable supply clustered voltage scaling (VS‐CVS) is an effective way to decrease power consumption without compromising performance. One of the major challenges in VS‐CVS design is that level converting flip‐flops (LCFFs) not only need to have low power consumption but also high performance. In this paper, we propose two new structures of LCFF: the data branch sharing LCFF based on conditional charging (DBS‐LCFFCC) and the data branch sharing LCFF based on precharging (DBS‐LCFFP). The new structures adopt a data branch sharing scheme to improve the speed of the circuit as well as to reduce the number of transistors. Based on simulation results using HSPICE with PTM 32‐nm CMOS technology, the proposed LCFFs show an improvement of 19.2–67.2% and 41.6–76.3% in power‐delay‐product (PDP) at 50% data switching activity, respectively, compared to other advanced LCFFs.