This combination accelerates the growth and ambition of Allen & Overy and Shearman & Sterling overnight, as clients continue to gravitate toward truly global firms. By combining our individual market leadership and brands, we can bring a seamless offer across geographies to tackle clients’ most complex issues.
This merger represents an unparalleled opportunity to combine our individual market leadership and brands to serve clients as an integrated global law firm, preeminent in all our markets.
A&O Shearman will be the only global elite firm with U.S. Law, English Law and Local Law capabilities in equal measure. We will bring to bear 250 years of combined experience, some of the greatest legal talent, and complementary areas of market leadership.
For Allen & Overy, the planned merger will create a $1 billion U.S. business, with the Shearman & Sterling brand ensuring increased board-level recognition and expanded access to a U.S. corporate client base.
Shearman & Sterling will gain access to an expanded ‘rest of the world’ offering across Finance, Corporate, Capital Markets, and Litigation, as well as market-leading expertise in Advanced Delivery & Solutions.
The combined firm will be perfectly positioned to capitalize on opportunities arising from macro trends globally, including those relating to energy transition, technology and private capital.
The merger will transform both businesses, enabling us to deploy the power of each of our firms, accelerating our ability to bring the best of both to meet client needs.
Together, we believe A&O Shearman will be a firm unlike any other in the world. Our new scale will transform our ability to offer a truly integrated global service. We have listened to our clients’ feedback and requests for counsel to help navigate the demands they are facing in such a complex regulatory, technological and geopolitical environment, and we believe A&O Shearman will meet these needs.
Operationally, until we complete the merger, it remains business as usual at both Firms. We remain focused on delivering the highest quality advice and our clients continue to be our top priority. As the merger progresses towards completion, clients will of course be provided full details on any changes.
Our strategy will be to serve our clients globally on their most critical challenges, transactions, and disputes. This merger represents an unparalleled opportunity to combine our individual market leadership and brand strength to represent clients as an integrated global law firm, preeminent in all our markets.
We have undertaken a preliminary assessment of conflicts and this exercise will continue as we work towards combining our firms. We will alert specific clients directly, if we believe there are any conflict issues which require management/resolution. We do not anticipate a significant number of issues.
We encourage you to speak with your relationship partner about what the merger might mean for you. Until we have completed the transaction, we will operate as separate firms, always in a way that best serves the interests of our clients.
Over the coming weeks, we will be seeking the support for this merger from within both firms, including through extensive discussions with our partners and our people. Throughout the process we will ensure that our people, clients and the wider market are kept informed.