Lawyer Compensation - General
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Revealed: Allen & Overy's New Top of Lockstep
By Rose Walker | Meganne Tillay | October 27, 2020
The firm increased the amount that top earners can take home in new compensation measures approved by its partnership last week.
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International Edition | Analysis
Two Thirds of Top Firms Reduced Partner Promotions This Year
By Varsha Patel | October 26, 2020
Research demonstrates the sharp contraction of partnership opportunities amid the financial fallout of COVID-19, while experts say there are also other factors at play.
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Linklaters and Clifford Chance End COVID-19 Salary Freezes
By Simon Lock | Paul Hodkinson | October 23, 2020
The firms both initially froze salaries as part of a package of financial measures to counter the impact of the pandemic.
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Reed Smith To Restore Partner Monthly Draws, Staff Pay in Full
By Meganne Tillay | October 23, 2020
The firm is rowing back its COVID-19 financial measures like many of its peers.
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Allen & Overy Partners Approve Lockstep Changes
By Rose Walker | October 22, 2020
Partners approved changes this week, after proposals were put to them earlier in October.
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Clifford Chance Moves Towards Cash Accounting Model With Revamped Distributions System
By Hannah Roberts | October 22, 2020
A distributions system that calculates expected outgoings and collections signals a wider change in the firm's accounting model, insiders say.
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Akin Gump Pays Out Special Fall Bonuses to London Lawyers
By Brenda Sapino Jeffreys | October 21, 2020
Akin Gump Strauss Hauer & Feld is following the lead of Davis Polk & Wardwell by paying a special bonus to associates ranging from $7,500 to $40,000.
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A&O Partner Ethnicity Pay Gap Doubles, Firm Reveals Disability Pay Gap
By Rose Walker | October 21, 2020
The firm's partner gender pay gap has also grown this year, while gaps have narrowed for all-staff figures.
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CMS Vienna Resumes Hiring After COVID-19 Freeze
By Varsha Patel | October 20, 2020
The firm is one of many to have implemented various recruitment freezes due to the pandemic.
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US Firm Pay War for A&O Partner Hit '$6.9M'
By Rose Walker | October 16, 2020
Another U.S. firm offered the London finance heavyweight 'around $5m' to join.
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