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Allen & Overy’s financial results show that the firm made pre-tax profits of £1 billion in the year before its merger with Shearman & Sterling to form A&O Shearman. This an increase of over 17.2% on the £892 million profit made by the firm in 2023.

Tax and deal lawyers are preparing for enhanced regulatory oversight of wealthy clients engaging in what the Internal Revenue Service considers “abusive” basis-shifting transactions, following last month’s proposed rules by the tax collecting agency. Not only would the new rules enhance disclosure requirements for high net-worth clients, but the lawyers and accountants who advocate for alleged tax…

A Nasdaq-traded technology company for blockchain and computing is facing an eight-figure lawsuit in a federal district court in Manhattan over its alleged breach of a binding contractual obligation pursuant to a term sheet it executed in April in solicitation of $100 million in financing from an investment firm. Andrew…

Australian law firm Mills Oakley has hired two financial services partners from global accounting giant KPMG and three partners from Australian firms . Zein El Hassan, a financial services lawyer, advises on product development, licensing, disclosure and distribution issues relating to financial services and products. He joined the Australian firm…

AI has already been changing the way that lawyers work for a while—but less often discussed is the specific impact it is having in the world of private equity and M&A. Several U.K. partners have told Law.com International it is having a direct impact and is even affecting client decisions…