Beginning on Thursday, partners at Allen & Overy and Shearman & Sterling will be casting their votes on an anticipated merger. The deal, if approved by both parties, will result in the creation of one of the world’s largest law firms. The newly established entity will bear the name Allen Overy Shearman Sterling, with an alias of A&O Shearman, generating revenues of around $3.4 billion. Furthermore, it plans to foster nearly 4,000 lawyers and approximately 800 partners across 49 offices.
It has been suggested by partners at both firms that they suspect their respective partnerships will obtain the mandatory 75% threshold to pass through the merger. These insiders have reported optimistically about the proposed merger. However, the voting process and its aftereffects are yet to unfold.
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