Law firms

Big Apple takes a bite out of partner profits as Allen & Overy breaks lockstep for US hires

Allen & Overy (A&O) has broken its lockstep for its new Manhattan hires as the firm made a major finance play to compete with the US elite earlier this month.

Legal Business understands the firm broke its lockstep for the hires, about two years after introducing remuneration changes which were aimed at bringing in star laterals.

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