Last week, A&O Shearman set out post-merger plans to close its legacy Allen & Overy base in Johannesburg, reduce its partnership by 10 per cent by the end of the financial year, and sell its consultancy business Consulting by A&O Shearman.
So is this a sign of things already going wrong, or is this all par for the course for big mergers?
In this new episode of The Lawyer Podcast, hosts Catrin Griffiths and Christian Smith are joined by deputy editor (City) Rachel Moloney and Horizon editor Katy Dowell to discuss the aftermath of mega mergers.
Drawing on the notable transatlantic mergers of Hogan Lovells, BCLP and Eversheds, the team discuss partner losses and the importance of the first six months of a newly consolidated operation. What mergers should A&O Shearman model? And is this culling a sign of weakness or strength?
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