A&O, Shearman Plan Merger to Create a Giant Global Law Firm

Allen & Overy and Shearman & Sterling are planning to merge to create one of the world’s largest legal firms with $3.4 billion in revenue.

The newly created entity will be named Allen Overy Shearman Sterling, or A&O Shearman, the companies said in a release Sunday. The firm will have almost 4,000 lawyers across 49 offices and 29 countries and offer US law, English law and local law capabilities, according to the release.

The announcement comes after Shearman recently abandoned a merger with Hogan Lovells, prompting many of its senior partners to leave. A&O, which has been seeking to expand ...