Categories:UK

A&O promotions fall with just 16 made up

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  • Really tells you all you need to know about the prospects (or lack thereof) in big law right now.

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  • Five new partners in London. 100 trainees per year. So a 95% chance of not making partner.

    It doesn't take a genius to work out that this business model is going to collapse in the near future.

    The very high PEPs are only achieveable by a grotesque and highly unsustainable amount of leverage which is exploitative and immensely cynical.

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  • At Anonymous 27-Feb-2014 2:14 pm... what a ridiculous comment. How on Earth is the business model going to "collapse in the near future" merely because most trainees won't make partner? The same is true of every professional services organisation and has been for decades. I highly doubt that the 3,000 odd training contract applicants that A&O gets every year are suddenly going to decide they would rather not become lawyers because their chances of making partnership are slim. How is the leverage "grotesque", "exploitative" or "cynical"? What does this even mean? Perhaps you would favour a John Lewis approach and make everyone a partner from the day they join. Even in that model, I'll think you'll find the Chairman makes a much higher multiple of the salary of the average worker (60 times more) than David Morley does of A&O's associates.

    Hearty congratulations to the successful new partners!

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  • The above comments complete miss the point - every company has people at the top, and by default these companies are typically structured in a triangle. Just like there can only be 1 CEO and 1 CFO, there can only be limited number of partners within a law firm, and the point is that only the "best" make partner anyway. But this also assumes that the "best" decide to stay in the first place. Arguably people proactively choose to gain experience in a law firm before they move into industry, smaller law firms, finance, start up etc... the list in endless. To simple assume the model is flawed makes so many flawed assumptions in the first place!!!

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