Length of equity ladder under focus in Allen & Overy lockstep review
Allen & Overy (A&O) has become the latest leading City firm to review its partner remuneration structure, while Clifford Chance (CC) has confirmed that it has no plans to alter its existing lockstep model. A&O currently operates a modified lockstep with a 15-year equity ladder from bottom to top, with the firm understood to be considering changes to the length of the ladder.
Third ‘big four’ City firm reviews lockstep but CC rules out changes
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