The upcoming merger between esteemed law firms Allen & Overy and Shearman & Sterling has now received an overwhelmingly positive response from their partners, following a vote that revealed a 99% approval rate for the merger proposal. The endorsement now paves the way for a finalized merge between the companies, slated to occur fully in 2024, according to the firm spokesperson.
Senior partner at Allen & Overy, Wim Dejonghe, expressed his enthusiasm for the merger’s approval, declaring it as an emblematic occurrence for both firms and for the wider profession. Speaking on the results, he lauded the vote results as not just affirming, but instrumental in shaping the future direction of the legal industry.
The partners’ decision to merge is also driven by a commendation for the potential synergies and complementary traits each firm brings. In particular, Dejonghe praises Shearman & Sterling’s esteemed reputation, high talent density, and impressive client base. Confidence reigns among the partners of both firms that the unified entity will be exceptional and better equipped to serve the complex and ever-evolving needs of their clients in a volatile global landscape.