Leaders Khalid Garousha, Hervé Ekué, and Adam Hakki of A&O Shearman. Courtesy photo A&O Shearman Adopts 3-Level Lockstep Pay Model Amid Shift to All-Equity Partnership
The changes follow the news that the firm is to trim its partner numbers and withdraw from certain areas, as elite law firms seek ways to better reward top performers.
October 17, 2024 at 10:47 AM
3 minute read
A&O Shearman has put in place a three-level modified lockstep partner remuneration system, which follows the firm's adoption of an all-equity partnership structure, according to sources close to the firm.
The move consolidates the firm's partner pay model following its creation via the merger of Allen & Overy and Shearman & Sterling, which went live in May.
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