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A&O Shearman has moved its partnership to a three-level compensation structure that is designed to reward the firm’s top performers, sources close to the firm said Thursday. (iStock.com/Ratana21)

A&O Shearman Opts For 3-Level Partnership Comp

A&O Shearman has moved its partnership to a three-level compensation structure using an all-equity model, sources close to the firm told Law360 on Thursday.

Top Stories

We Are In The Dark Over New Workers' Laws, Employers Say

Over a third of employers feel in the dark about changes to workers' laws contained in the government's Employment Rights Bill, according to poll results released Thursday.

White & Case Promotes 37 New Partners In Latest Round

White & Case LLP said Thursday that it has promoted 37 lawyers to partnership in a slight dip from 2023, with women accounting for just a fifth of those who made the grade.

Government Sets Out Plan To Regulate Buy Now, Pay Later

HM Treasury set out plans Thursday to protect millions of people using buy now, pay later products through legislation that will lead to a new regulatory regime run by the Financial Conduct Authority.

Teacher Stern Faces Tribunal Over Client Account Payments

Teacher Stern LLP has been referred to a London tribunal alongside two of its partners over allegations that the firm allowed payments from its client accounts that did not relate to an underlying transaction, the Solicitors Regulation Authority has said.

Bratz Maker CEO Denies Forcing UK Retailer To Drop Rival

The chief executive of toy giant MGA Entertainment Inc. denied on Thursday that he forced a U.K. retailer to stop selling a rival product, hitting back at claims that he killed off a competitor by making baseless patent infringement litigation threats.

StanChart Libor Decision Splits Bank And Investor Interests

The High Court's landmark decision allowing Standard Chartered to use an alternative to Libor has provided certainty to contracts that fail to provide for the abolition of the benchmark rate, but gives investors less flexibility than they might consider the wording provides.

Debevoise-Led Schneider To Buy $850M Stake In Cooling Co.

Schneider Electric SE said Thursday it has agreed to buy a controlling interest in Motivair Corp., a U.S. tech cooling company, as the French energy management giant looks to improve its solutions for high performance computers in data centers.

MoJ Revives Plans To Double Magistrates' Sentencing Powers

The government reintroduced Thursday controversial proposals to double magistrates' sentencing powers as part of a bid to reduce the record backlog of criminal cases — though advocates have warned that the measures will do little to confront the delays.

Daily Mail Withdraws Articles In Privacy Battle With Tax Pro

The publisher of the Daily Mail will withdraw articles about an Alvarez & Marsal managing director's relationship with a billionaire, a lawyer for the senior tax professional told a London court on Thursday.

Sony Loses EU Copyright Fight Over Variable Data In Game Codes

Europe's top court ruled Thursday that copyright protections for code do not extend to variable data used when a program is running, handing a major defeat to Sony in its battle against third-party software developers behind cheat systems.

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