Allen & Overy and Shearman & Sterling to Merge, Creating $3.4 Billion Global Law Firm

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Source: Financial Times
TL;DR

Legal firms Allen & Overy and Shearman & Sterling are planning to merge, creating a global law firm with more than 5,000 lawyers in 45 offices across the world. The merger is expected to be completed by the end of the year, subject to regulatory approval.

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