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Contact details

Allen & Overy LLP
One Bishops Square
E1 6AD
United Kingdom

Telephone icon+44 20 3088 4889
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  Paul McCarthy



Paul specialises in employee equity incentives and executive remuneration. He acts for companies (both publicly listed and private) on all aspects of employee equity incentives, including design, the tax and cost implications, shareholder communication, corporate governance and best practice. Paul has extensive corporate transactional experience and advises on share plan issues arising from IPOs, mergers and acquisitions.

He also deals with high level recruitment and terminations. He has specialised in this area for over 27 years, and has acted for many companies extending their employee share plans internationally.  Paul also advises on (i) the establishment, operation and tax implications of limited liability partnerships; (ii) the FCA's corporation governance and remuneration codes and the PRA's remuneration code.

He is a regular speaker at conferences and contributes to publications on employee share incentives. He is a member of the Share Schemes Lawyers Group.

"Paul McCarthy is regularly appointed to assist with transactional issues, including share plan matters arising out of IPOs and M&A. One commentator reports: 'Paul is always accessible and able to provide advice in a no-nonsense manner. He is able to find practical and pragmatic solutions to problems in a timely manner'."  Chambers UK 2018 (Employee Share Schemes)

"Allen & Overy LLP’s practice is very highly rated in all areas of share schemes and incentives, including employee equity incentives and executive remuneration. Well-regarded practice head Paul McCarthy has been leading advice to 21st Century Fox on the incentives aspects of its £11.7bn acquisition of a 61% stake in Sky; and also advised TUI on incentives matters related to its sale of Hotelbeds Group to private equity investor Cinven and the Canada Pension Plan Investment Board. The team includes senior associate Louise Batty, who has experience acting for both domestic and overseas clients on a broad range of share scheme matters, including the cross-border implementation of incentive arrangements." Legal 500 UK 2017 (Employee Share Schemes)

Professional qualifications

Admitted as solicitor, England and Wales, 1987

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