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.

He's extremely pragmatic and responsive and provides clear, understandable advice.
Chambers UK 2021 (Employee Share Schemes & Incentives)
He's enormously experienced and has a wealth of knowledge.
Chambers UK 2021 (Employee Share Schemes & Incentives)


Listed as a Hall of Fame partner in Legal 500 UK 2021 (Employee Share Schemes)



Admitted as solicitor, England and Wales, 1987
A&O Shearman was formed on May 1, 2024 by the combination of Shearman & Sterling LLP and Allen & Overy LLP and their respective affiliates (the legacy firms). Any matters referred to above may include matters undertaken by one or more of the legacy firms rather than A&O Shearman.