Wake Up Call: A&O ‘Freezes’ London Associate Pay, Cites Economy

July 1, 2022, 12:28 PM UTC

In today’s column, venture capital funding rounds for legal tech plunged in the year’s second quarter; three Big Law firms are having a tough time breaking free of Russian bank clients; Dentons grabbed an eight-lawyer corporate team from EY’s legal unit in Singapore.

  • Leading off, in a possible sign that London’s talent market is cooling, Allen & Overy told associates in the city they’ll have to wait on a pay raise, Roll On Friday reported. The firm, which typically reviews pay in the summer, twice hiked its London junior lawyers’ salaries last year amidst a fierce talent competition. In an ...

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