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Allen & Overy snags London finance team from US competitor pre-merger.

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TLDR:

  • Allen & Overy has hired five structured finance lawyers from US law firm Milbank in London.
  • The hires come ahead of the Magic Circle law firm’s merger with New York law firm Shearman & Sterling.

Allen & Overy, a Magic Circle law firm, has made significant additions to its London finance team by hiring five structured finance lawyers from US law firm Milbank. The strategic move comes as Allen & Overy prepares for its upcoming merger with New York law firm Shearman & Sterling, which is set to be finalized in May. This acquisition aims to strengthen the firm’s bench and enhance its capabilities in working with private capital sponsor clients.

The addition of these new team members highlights Allen & Overy’s commitment to expanding and enhancing its services, particularly in the finance sector. By bringing on board experienced and skilled structured finance lawyers, the firm is positioning itself for growth and success in the market.

Overall, this strategic hiring decision demonstrates Allen & Overy’s proactive approach to talent acquisition and business development. As the firm continues to evolve and adapt to the changing legal landscape, these new additions are expected to play a crucial role in further establishing Allen & Overy as a key player in the legal sector.


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