Allen & Overy and Shearman & Sterling partners have started to cast their votes on the anticipated merger. With the closing date set for October 13, feelings toward the vote carry an interesting juxtaposition of surface-level excitement alongside underlying tension and worry.
Reflecting from a perspective in Asia, there seems to be a noticeable silence from both the parties involved since the initial news of the merger broke- a merger that bears the distinct characteristic of having been arranged from the upper echelons of power and presented to the partners.
Looking at the partners in Asia, there appears to be an inclination in favor of the merger. The reasoning explains itself when considering the prolonged slump in the Asian market, with no apparent resolution in the foreseen future. In such challenging economic circumstances, maintaining the status quo holds little appeal, asserts Asia Editor Jessica Seah. Read the full article here.
Note that this is a brief summary of partial information due to paywall restrictions and invites the reader to explore the source for the complete story.