By Caroline Grimshaw
October 11, 2006 at 08:03 PM
1 minute read
The original version of this story was published on Legalweek
Allen & Overy (A&O) has ditched its firm-wide bonus scheme as part of a major pay shake-up that will hike London associates’ pay by 15% and create a new bonus scheme tied to equity partner profits.
The measures, which come into effect from 1 November, will see the London office introduce a performance-related bonus for associates, which will mirror the partner points system under the lockstep.
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