Source: The Global Legal Post
By Ben Rigby
Partners at UK Magic Circle firm Allen & Overy (A&O) and New York’s Shearman & Sterling have voted through a landmark merger deal to create a transatlantic law firm with revenue of around $3.5bn, housing 3,950 lawyers across 48 offices.
A partner vote on the planned merger began in late September and was completed today. The merger required approval from 75% of each firm’s partnership, however the firms said in a statement that more than 99% of the votes cast at each firm were in favour of the merger. It said that was “a powerful testament to the strength of the combination and partner support for it”…
Read full article: https://www.globallegalpost.com/news/partners-vote-through-merger-to-create-ao-shearman-751576026
