It is easy to focus on the financial aspects of the new pay and rewards scheme for associates that Allen & Overy (A&O) announced on 12 October. But we all know that any advantage a law firm gains simply by raising its pay rates will be short-lived.
At the heart of the scheme is a shift in the way we are engaging with our associates. We recognise that it is the associates who hold the key to resolving the issues that have given rise to higher-than-desired attrition levels in our profession over recent years. And it is in this context that we have, for the past 12 months, been engaging with our associates to find viable, long-term solutions.
