As the impending merger between Allen & Overy (A&O) and Shearman & Sterling continues to move closer, both firms have decided to retain the business consultancy services of McKinsey & Company and KPMG. These world-renowned consulting firms will provide a range of strategic advice, spanning from operational integration methods to new approaches to working.
This move comes as part of the broader trend within the legal industry whereby firms are increasingly taking on the expertise of big-name consulting firms as they navigate through major business transitions and seek to optimize their operations and strategies. Their input can be invaluable in addressing potential challenges and leveraging opportunities to ensure smooth and successful mergers.
It is unclear at this stage precisely what the remits of McKinsey and KPMG will be. However, both are well placed to identify and mitigate potential risk areas in both operational processes and business models, as well as instigate valuable change and innovation in the merged entity’s methods of working.
For more details on the story, please visit the original article here.