The strip footing placed on clay can be subjected to drained and undrained loading. In the study, the drained and undrained bearing capacity factor (Nc) and failure mechanisms of single and multiple rough strip footings placed at equal clear spacing (S) on clay with limited depth are evaluated. The bearing capacity factor corresponding to undrained and drained cohesion with friction angle varying from ϕ = 0°–40° is evaluated using finite element limit analysis (FELA). The analysis is performed using an average value (of the upper bound and lower bound values of Nc) of limit analysis in combination with finite elements and linear programming (use of linearized yield function). The bearing capacity factors are evaluated corresponding to varying normalized S/B ratio, where S is the clear spacing between the footings and B is the width of the footing. The value of Nc was found to increase within the range of S/B = 0.25–20. The FELA study results are compared with those solutions available in the literature, and the results are presented as design charts and tables. This study should be of great interest to foundation engineering practitioners.