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The Guardian - UK
The Guardian - UK
Business
Mark Sweney

Law firms Allen & Overy and Shearman & Sterling plan to merge in $3.4bn deal

Allen Overy United States Hogan Lovells SS
City of London
City of London Photograph: John Michaels/Alamy

UK “magic circle” law firm Allen & Overy is planning a $3.4bn (£2.7bn) merger with New York’s Shearman & Sterling, in one of the biggest transatlantic legal deals in history.

The merger, which is subject to a vote of partners at both firms, will create one of the world’s largest legal practices with combined revenues of $3.4bn and about 3,900 lawyers across 49 offices.

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