A&O Shearman Adopts Three-Tier Lockstep Pay in Move Towards All-Equity Partnership

A&O Shearman has implemented a three-level modified lockstep partner remuneration model as part of a strategic shift to an all-equity partnership structure. This decision aligns with the firm’s broader strategy to streamline operations by reducing partner numbers and retreating from certain practice areas. Such changes are being considered by top tier law firms to better incentivize and reward high-performing partners. For further details, visit the original article.