· The merger between Allen & Overy and Shearman & Sterling creates the first truly global elite firm and the only one capable of advising on English and American law in equal measure, as well as on the rest of the world's most relevant markets.
· With nearly 4.000 lawyers, A&O Shearman becomes the third largest law firm in the world by revenue, with an income of $3.500 billion.
· The firm announces a new business structure and its new global managers.
Madrid, London and New York - A&O Shearman successfully completes the merger between the British firm Allen & Overy and the American Shearman & SterlingThis resulted in the first truly global elite firm and the third largest in the world by revenue, with combined income of $3.500 billion. With a team of over 7.000 people and nearly 4.000 lawyers, the new business law giant is the only firm capable of advising clients on English and American law in equal measure, as well as in all other major global markets. The firm currently has 47 offices in 29 countries worldwide.
The merger will leverage the expertise of top professionals from both firms, who will work collaboratively and across departments to advise our clients on their most sophisticated and complex matters. Our lawyers advise more than a third of the companies listed on the NYSE, a fifth of those on the Nasdaq, and a significant proportion of companies on other stock market indices, including the Ibex 35, the London Stock Exchange, Euronext, Euronext Paris, and the Tokyo and Hong Kong stock exchanges, among others.
As a result of our firm commitment to innovation and with the aim of anticipating the needs of our clients, A&O Shearman The firm has implemented a new business structure, dividing its practice areas into four main blocks: Finance, Corporate/Commercial, Litigation and Arbitration, and Energy and Infrastructure Projects. Furthermore, the firm has identified the following strategic sectors: Energy and Infrastructure, Financial Institutions, Private Equity, Technology, Healthcare, and Industry.
Within the new organizational structure of A&O ShearmanThe Spanish office will play a key role, with its co-managing partners, Antonio Vázquez-Guillén and Ignacio Ruiz-Cámara. Antonio will co-lead the global Litigation Practice, while Ignacio will co-lead the Continental Europe region.
Antonio Vázquez-Guillén and Ignacio Ruiz-Cámara, co-managing partners of A&O Shearman In Spain, they add: “Without a doubt, A&O Shearman It will be the best platform for our clients, leading Spanish companies in their sectors and international investors to carry out their strategic moves, with the confidence of being accompanied by the best professionals in all jurisdictions.”
Khalid Garousha, senior partner at A&O Shearman, says: “Today we begin a great journey as a new firm with an unprecedented global platform. A&O Shearman It is the new leader in the legal sector with truly global advisory capabilities and a unique culture. I look forward to working with the entire team to fully realize the firm's great potential. We will offer our clients the best advice, both globally and locally, in an increasingly demanding environment.
