In the light of its increased profits, Allen & Overy has announced new bonus guidelines for its associates – and, to thank staff for their efforts during the economic downturn, an extra day’s holiday all round.
It’s a big change from last year when A&O laid off staff as deal flow collapsed. But now, with green shoots emerging underfoot, it’s payback time. A spokesman said that the firm was ”pleased to be able to lift the salary freeze earlier this year and, as a further small gesture of our thanks to everyone for their hard work and dedication over the past 18 months, we are awarding staff an extra day’s holiday.“
