Allen & Overy raises associate salaries through bonuses
Allen & Overy has used bonuses included in monthly pay to boost associate salaries across all levels by £20,000. The changes come as a response to feedback the firm received, indicating that larger salaries were more attractive than year-end bonuses.
The following increases will take effect on the various levels:
1PQE (one year experience) – change from £72,500 to £92,000
2PQE (two years experience) – change from £82,500 to £104,500
3PQE (three years experience) – change from £93,500 to £115,000