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Allen And Overy

All articles tagged with #allen and overy

business2 years ago

Biglaw Firm Raises Associate Salaries in Anticipation of Merger

Shearman & Sterling, which is set to merge with Allen & Overy next year, has announced associate raises effective January 1. The new salary scale will match the top of Biglaw, with annual salaries ranging from $225,000 for the Class of 2023 to $435,000 for the Class of 2016+. Bonuses will also be provided, ranging from $15,000 to $115,000, with the possibility of enhanced bonuses for exceptional performance. The merger will create A&O Shearman, the third largest law firm in the world.

via Above the Law|
#allen-and-overy#associate-raises#business
law-firm-merger2 years ago

Shearman & Sterling and Allen & Overy to Merge, Creating $3.4 Billion Law Firm

Shearman & Sterling and Allen & Overy have announced a merger to create a new firm called Allen Overy Shearman Sterling, or A&O Shearman for short. The new firm will have 3,900 lawyers with approximately 800 partners, spread across 49 offices. A&O Shearman’s combined revenue will total $3.4 billion, and the merger is driven by clients’ needs for a seamless global offering of the highest quality and depth to support them in navigating an increasingly complex legal, regulatory, and geopolitical environment.

via Above the Law|
#allen-and-overy#global-law-firm#law-firm-merger
business2 years ago

Allen & Overy and Shearman & Sterling to Merge, Creating $3.4 Billion Global Law Firm

London-based law firm Allen & Overy is set to merge with New York-based Shearman & Sterling to create a $3.4 billion global law firm. The merger is expected to be completed by the end of 2022 and will create a firm with over 5,000 employees across 44 offices worldwide. The move comes as the legal industry continues to consolidate, with firms seeking to expand their global reach and expertise.

via The Wall Street Journal|
#allen-and-overy#business#global-law-firm
business2 years ago

Allen & Overy and Shearman & Sterling to Merge, Creating $3.4 Billion Global Law Firm

Law firms Allen & Overy and Shearman & Sterling plan to merge, creating one of the world's largest legal practices with combined global revenue of approximately $3.4 billion. The proposed merger would create the third-largest integrated law firm in the world by gross revenue, with a $1 billion practice in the United States. The deal will give Allen & Overy greater access to the U.S. corporate client base of Shearman & Sterling, which in turn would benefit from A&O's global reach.

via Reuters|
#allen-and-overy#business#global-reach
business2 years ago

Allen & Overy and Shearman & Sterling to Merge, Creating Global Law Firm

Law firms Allen & Overy and Shearman & Sterling are set to merge pending approval by partners at each firm, creating a new entity with over 3,900 lawyers worldwide. The deal gives UK-founded Allen & Overy a much larger footprint in the US, as some of London’s top firms also seek to boost their presence in the country. The firms referred to the combination as a merger, rather than an acquisition by Allen & Overy.

via Bloomberg Law|
#allen-and-overy#business#global-expansion
business2 years ago

Allen & Overy and Shearman & Sterling to Merge and Create Global Mega Law Firm

Law firms Allen & Overy and Shearman & Sterling have announced a merger to create a new global elite law firm named Allen Overy Shearman Sterling. The combined firm will have around 3,900 lawyers and 800 partners across 49 offices, with approximately $3.4 billion in combined revenues. The merger will accelerate the growth strategy of both firms, each with distinct market leadership and strong cultural compatibility. The new firm will be the only global firm with U.S. Law, English Law, and Local Law capabilities in equal measure.

via PR Newswire|
#allen-and-overy#business#global-expansion