Gareth Price, A&O global managing partner. Courtesy photo. A&O's Managing Partner On Taking 'Prudent' Decision to Hold NQ Pay
'We're all clearly entering a more challenging business environment and there has been a softening of [client] demand in recent months,' says Gareth Price.
July 18, 2022 at 06:19 AM
3 minute read
Lawyer Compensation - General
Allen & Overy raised some eyebrows earlier in July when it decided that it would not be taking part in the latest iteration of the war for junior talent. The firm chose to hold its current newly qualified pay rate steady at £107,500—which, while hardly a figure to be sniffed at, is way behind the staggering amounts handed out by U.S. firms in London such as Akin Gump Strauss Hauer & Feld, which upped its salary to £179,000 two weeks ago.
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