Allen & Overy’s merger plan shows how law firm consolidation has ramped up in 2023 as big and middle-size players worry about losing share to industry giants.
London’s Allen & Overy said Sunday it plans to merge with New York-based Shearman & Sterling in a tie-up that will create a nearly 4,000-lawyer firm, making it one of the biggest in the world.
The combination, pending approval by partners on each side, would be at least the fifth this year of firms with at least 100 lawyers, compared with two in 2022, according to Fairfax Associates. The mergers include Orrick Herrington ...
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