A&O Shearman, the firm formed from the merger of Allen & Overy and Shearman & Sterling, has reported client revenue of £2.9 billion (US$3.7 billion) for the financial year ending April 30, 2025. This marks the first set of financial results since the merger’s completion in May 2024. The firm also recorded a pre-tax profit of £1.1 billion (US$1.4 billion) and a profit per equity partner (PEP) of £2 million (US$2.6 million). ([aoshearman.com](https://www.aoshearman.com/en/news/ao-shearman-posts-usd3-7bn-revenue-marking-strong-first-year?utm_source=openai))
Global managing partner Hervé Ekué commented on the firm’s performance, stating, “In our first year as a merged firm, we have delivered strong results while making important investments in our business, including reshaping the firm to ensure we are optimally positioned to meet client needs.” ([aoshearman.com](https://www.aoshearman.com/en/news/ao-shearman-posts-usd3-7bn-revenue-marking-strong-first-year?utm_source=openai))
During this period, A&O Shearman promoted 33 lawyers to partner positions and made 16 strategic lateral hires. The firm also advanced its innovation programs, notably deploying the AI tool Harvey enterprise-wide in 2022. ([aoshearman.com](https://www.aoshearman.com/en/news/ao-shearman-posts-usd3-7bn-revenue-marking-strong-first-year?utm_source=openai))
Despite these achievements, the firm has experienced some partner departures. In June, nine London attorneys, including eight associates, left to join Latham & Watkins. ([news.bloomberglaw.com](https://news.bloomberglaw.com/daily-labor-report/a-o-shearman-records-3-7-billion-in-first-post-merger-year?utm_source=openai))
Looking ahead, A&O Shearman remains committed to its growth strategy, focusing on high-growth industries and enhancing cross-border collaboration to meet the evolving needs of its global clientele. ([aoshearman.com](https://www.aoshearman.com/en/news/ao-shearman-posts-usd3-7bn-revenue-marking-strong-first-year?utm_source=openai))