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Allen & Overy to merge with Shearman & Sterling in $3.4bn tie-up

The combined firm, Allen Overy Shearman Sterling, will employ nearly 4,000 lawyers

The merger is subject to a vote of both firms’ partners.
The merger is subject to a vote of both firms’ partners. Photo: SOPA Images / Contributor/Getty Images

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New York-based Shearman & Sterling is merging with Magic Circle law firm Allen & Overy in one of the biggest tie-ups in the sector set to  create a company with revenue of $3.4bn.

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