Merger of Allen & Overy with Shearman & Sterling

The upcoming merger of two prominent law firms will create a new powerhouse entity with more than 3,950 lawyers and 800 partners spread across 48 global offices. This combined firm is projected to generate around $3.5 billion in joint revenues.

What sets this merger apart is the diverse expertise of the talent pool, encompassing both US and English law, as well as a profound understanding of various international markets. An overwhelming majority of partners from both firms have given their approval for the merger, with more than 99% voting in favor. The firms have wasted no time in announcing their plans to kickstart active integration planning and aim to finalize the transaction by or before May 2024.

Wim Dejonghe, the senior partner at Allen & Overy, expressed his excitement about the merger, calling it a significant moment for both firms and the legal industry as a whole. He emphasized the transformative nature of this merger and highlighted the admiration Allen & Overy holds for Shearman & Sterling's outstanding reputation, talented team, and loyal client base. Dejonghe is confident that the combined strengths of both firms will establish a truly exceptional global entity capable of catering to the evolving needs of clients in today's intricate and ever-changing business landscape.