A&O: putting pressure on UK rivals to match its bonus rateAllen & Overy (A&O) is to match the top rate of US bonuses set last month by Wall Street leader
Cravath Swaine & Moore – underlining the City giant’s commitment to building a heavy-weight New York practice.

The move will see A&O pay all of its 169 US-qualified associates spread across its offices between $15,000 (£9,484) and $25,000 (£15,807) depending on seniority. This will include A&O’s 63 US-qualified assistants based in London.