https://www.law.com/americanlawyer/2023/05/25/what-next-for-ao-and-shearman-firms-look-to-partnership-vote-first/
Photos: ALMNEWS
Allen & Overy and Shearman have many issues to resolve, but sources say all matters will take a back seat to selling the merger to partners and the vote.
May 25, 2023 at 02:25 PM
6 minute read
What You Need to Know
- The firms have many thorny issues to resolve, but all efforts now are pinned on selling the merger to partners. Everything else comes after.
- The firms will conduct a vote later this summer after a series of evangelizing events with the partners.
- Partners were told of the proposed merger just hours before the wide release of the information.
Allen & Overy and Shearman & Sterling’s leaders managed to keep their merger plans secret from most of the partnerships until just hours before the Sunday announcement.
Now they may have a bigger hill to climb: selling the merger to all partners.
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