Allen & Overy Managing Partner Exits Amid Shearman Merger (1)

Allen & Overy managing partner Gareth Price has resigned from the global law firm ahead of its planned merger with Shearman & Sterling, A&O announced Thursday.

Price left the firm on July 10, according to senior partner Wim Dejonghe. A&O cited “personal reasons” for the exit.

As managing partner, Price had been responsible for the day-to-day running of the firm. Dejonghe, who has previously held that position, is taking on Price’s responsibilities for the time being, he said.

“Typically, if you look at a corporate firm, the senior partner tends to be like a chairman and the managing partner like ...