Once A&O Shearman goes live, the firm will adopt A&O's current remuneration structure, by which NQs are currently paid £125,000.
April 12, 2024 at 05:49 AM
2 minute read
Reporter
Shearman & Sterling’s newly-qualified lawyers are set for an effective pay cut of £20,000 later this year—after the firm confirmed that it would merge its compensation model to Allen & Overy’s existing structure.
The two firms are set to merge next month. Shearman NQs in London currently receive £145,000, but from September, will instead be paid £125,000.
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