Global Law Firm Worth $3.4 Billion to Emerge from London’s Allen & Overy and Shearman & Sterling Merger
London-based law firms Allen & Overy and Shearman & Sterling are set to merge and create a global law firm worth $3.4 billion. The move comes amid a period of consolidation in the legal sector, with many high-profile firms looking to expand their capabilities and reach.
The merger involves two of the most respected names in the legal sector, with Allen & Overy bringing its reputation for excellent service to clients worldwide, and Shearman & Sterling’s reputation for excellence in U.S. law. The combined firm will have around 5,000 staff working in 44 offices in 31 countries, making it one of the largest law firms in the world.
The Future of the Firm
Both firms have strong reputations in their respective markets, and by combining their expertise, they are looking to create a truly global firm. This is seen as crucial in today’s business world, where companies are looking for legal services that can help them navigate the complexities of operating in multiple jurisdictions.
What This Means for Clients
For clients, the merger means greater access to legal services in a wide range of jurisdictions, with a team of highly skilled lawyers who can help them navigate the complexities of operating in today’s global economy. The combined firm will be able to offer a wider range of services and access to a broader network of contacts than either firm could offer alone.
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The merger of Allen & Overy and Shearman & Sterling will create one of the largest and most respected law firms in the world, with a value of $3.4 billion and 44 offices in 31 countries. Clients will benefit from a wider range of services and greater access to legal expertise in multiple jurisdictions. The merger is part of the ongoing trend of consolidation in the legal sector, as firms look to expand their capabilities and reach. #BUSINESS