Law firms Allen & Overy and Shearman & Sterling announced plans to merge late last night, in a move which would create a firm with approximately $3.4bn (£2.7bn) in combined revenues.
The tie up marks one of the biggest legal mergers in recent history, forging a firm with 3,900 lawyers across 49 offices around the world.
The new firm will be known as Allen Overy Shearman Sterling, or A&O Shearman for short.
“This is truly a game-changing moment for both firms,” Adam Hakki, senior partner at Shearman &
Sterling, said.
The proposed merger is subject to a vote of the partners at both firms.
