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An introduction to our law firm: Allen & Overy

At a time of significant change in the legal industry, we are determined to continue leading the market as we have done throughout our 88-year history. We will do this by ensuring we always challenge ourselves to bring new and original ways of thinking to the complex legal challenges our clients face.

Over the past year we have worked with some of the world’s leading businesses on transactions that have changed their industries. These include advising: HSBC globally on the project to restructure its legal and business structure to meet the post-crisis regulatory reform agenda and is the single largest project undertaken by the UK financial services industry to date; 21st Century Fox on its proposed acquisition by The Walt Disney Company; the second restructuring of Edcon Holdings Ltd and Edcon Ltd, one of the market’s most significant restructurings, which brought together experts advising on South African law, English law and New York law; and Worldpay on its merger with Vantiv, which involved lawyers from 20 A&O offices.

Building on our long heritage enables us to attract the most talented people and continue to deliver this level of innovation with and for our clients.

To support our clients’ international strategies, we have built a truly global network now spanning 44 offices in 31 countries. We have also developed strong ties with relationship law firms in over 100 countries where we do not have a presence. This network makes us one of the largest and most connected law firms in the world, with a global reach and local depth that is simply unrivalled.

Global coverage in today’s market does not simply mean having offices in important cities around the world. For us, it means combining our international resources and sector expertise to work on cross-border transactions directly in the markets and regions important to our clients.

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A&O creates new client group in management change

Allen & Overy (A&O) has overhauled its management teams, creating its first executive committee and client group.

The changes follow a consultation among the partnership, aimed at creating a more structured approach to management and developing client relationships.

Responding to concerns, A&O has developed a client group that will be structured around industry sectors. These have not yet been finalised by the firm, but are expected to include focuses on energy, financial institutions and life sciences.

Members of the client group have also not yet been confirmed, although it is expected to include a number of senior partners who hold some of the firm’s key client relationships.

The firm is understood to be pushing for a more sector-led approach in the market, but will continue to organise itself through its practices, such as corporate, finance and litigation.

An executive committee has also been established, responsible for developing and implementing the firm’s overall strategy. It will meet for the first time in June and will be co-chaired by senior partner Wim Dejonghe and managing partner Andrew Ballheimer.

There are an additional eight members on A&O’s new executive committee, including banking co-head Philip Bowden, new US senior partner Tim House and co-head of international capital markets Simon Hill.

Globally, members include Belgian-based corporate co-head Dirk Meeus, United Arab Emirates partner Ian Ingram-Johnson, German partner Astrid Krueger and Hong Kong managing partner Vicki Liu. Barbara Stettner completes the line-up and leads A&O’s Washington DC office.

A&O previously had just a board in charge of strategy, but the board will now be in charge of reviewing and approving the direction put forward by the executive committee.

A&O’s board consists of eight partners, with just Ballheimer and Dejonghe sitting on both the board and executive committee.

The changes follow a number of other shake-ups in the firm following the senior partner and managing partner elections last year.