Allen & Overy LLP at a Glance

Uppers

  • “Colleagues are smart and friendly”
  • “International experience”
  • “Hours are not as bad as other big law firms”

Downers

  • “Less recognition in New York than in London”
  • “Lack of adequate support staff for litigation”
  • “Infrastructure of the firm centered in London”

The Buzz

  • “International”
  • “Great English firm”
  • “Snobby”
  • “Prestigious globally, but not in New York.”

About Allen & Overy LLP

Allen & Overy stands as not only one of the U.K.'s most prestigious law firms-a pillar of the vaunted Magic Circle-but one of the largest firms in the world in terms of revenue. From two U.S. locations in New York and Washington, DC-and 155 U.S.-based attorneys-the firm continues to make its imprint on the American map, handling such matters as Nasdaq's audacious bid for the London Stock Exchange.

A Convenient Abdication

Founders George Allen and Thomas Overy left a firm called Roney & Co. to open shop in London in 1930 and build a commercial practice. They brought along their Roney client lists and managed to drum up enough business to stay afloat, even though Europe was still recovering from World War I and the United States was plunging into the Great Depression. It was Allen's representation of King Edward VIII during his1936 abdication to marry American Wallis Simpson that really made the firm's name (at the time, no scandal was bigger). The firm grew in the post-WWII years, but its leaders soon made their exits: Allen retired in 1953, and Overy developed health problems that forced him to stop working in 1960. By then, the firm they'd built had become one of London's most prominent legal shops.

The dawn of the 1970s brought change and turbulence: A&O began making inroads in the then-new field of intellectual property and developing a robust banking practice. It continued to expand under the guidance of new partners-most notably Jim Thomson, who had a sterling reputation as a commercial lawyer. In 1971, Thomson was killed in a car accident; the shock devastated the firm, and some wondered how it would survive without Thomson's leadership.

From London to the World

But survive it did-A&O took advantage of the increasingly global nature of finance, working on early syndicated loan and Eurobond transactions and doing business far from its home base in London. Legend has it that one globetrotting A&O partner offered an ailing seatmate some stomach medicine on a flight from the Middle East to London-the man turned out to be a UBS senior executive who was interested in Eurobond deals, and thus UBS became an A&O client. By the mid-1990s the firm earned more revenue from its non-U.K. clients than its domestic clients.

Today A&O has offices and partners in 30 countries, and it has a network of associate firms that enable it to do business in 100 more nations. Among the sectors it serves are energy and natural resources, financial services, real estate, life sciences, insurance, hotels and leisure and communications, media and technology. And while the firm has a strong U.S.-based practice, the group border hops: A&O staffs U.S.-qualified attorneys in the U.S., the U.K., continental Europe and Asia-the better to serve multinational clients.

IN THE NEWS

Ongoing
Firm of the Year

A&O was named 'International Law Firm of the Year" ten times and "Law Firm of the Year" over 50 times across its network of offices. 1,180 A&O lawyers ranked across all Chambers & Partners directories. A&O is ranked in over 220 categories across all Legal 500 Directories-the highest within the magic circle firms.

Just the Facts, Ma'am

Allen & Overy's global reach and local depth has allowed it to achieve outstanding results, not only for the firm but also for its clients over the past year. 71% of firm-wide matters involve lawyers from two countries, 52% involve lawyers from three countries or more and 25% of matters involve five or more countries. Last year A&O provided advice to its top 50 clients in an average of 20 countries each. Bloomberg regularly ranks A&O #1 for cross-border M&A deals by volume of deals. A majority of its top 200 disputes involved two or more offices.

Cutting Deals

A&O's prominent deals of 2016 include the following: advising Berkshire Hathaway on the antitrust aspects ‎of its $37.2 billion acquisition of Precision Castparts-Berkshire's largest ever acquisition to-date and the eighth largest M&A deal of 2015. Antitrust teams in London, Beijing, Moscow and Turkey provided advice, and handled merger control filings in 10 jurisdictions. Representing National Bank of Greece on its €4.48 billion recapitalization-significant as the private capital raising measures resulted in the successful recapitalization of NBG, one of four systemically important banks in Greece. Advising Google on the rules and restrictions applicable to atypical worker relationships in 72 countries. Of the 50 jurisdictions involved in which Allen & Overy did not have a dedicated office, the firm worked with local counsel to ensure high standards in service delivery.

April 2016
Moving on Up

Allen & Overy announced promotions of 21 lawyers to partner across 12 offices in 11 countries. 71% of the new partners are located outside of London with seven in the Asia Pacific region, six each from London and Europe, and one each in Africa and North America.

January 2015
Topping the League Tables

Allen & Overy has topped Dealogic's Global Project Finance League tables for 2014 by both value and volume and recorded a global market share of 9.2%, having advised on 75 deals worth $33.4 billion. Allen & Overy was ranked first by volume of deals and second by value of deals by Bloomberg for cross-border M&A in 2014.

March 2015
20:20 Vision

On International Women's Day, A&O reported on the status of its "20:20 vision" to lift the proportion of women partners in the firm to at least 20 per cent by 2020. Many areas of the business already have more than 20% female partners but an increase is needed in all offices to reach the global target.

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Allen & Overy LLP

1221 Avenue of the Americas
New York, NY 10020
Phone: (212) 610-6300

Stats

  • Employer Type: Private
  • Managing Partner, Americas: David Krischer
  • New York Hiring Partners: Erwin Dweck, Laura Hall, Yaakov Sheinfeld
  • London Hiring Partner: Jeff Hendrickson, Matthias Baudisch
  • Total No. Attorneys 2016: 2,700

  • Base Salary

    New York, NY
    1st year: $180,000
    2nd year: $190,000
    3rd year: $210,000
    4th year: $235,000
    5th year: $260,000
    6th year: $280,000
    7th year: $300,000
    8th year: $315,000
    Summer associate: $3,462/week


  • Summer Associate Offers
    27 out of 27 (2Ls) (2015)

  • Major Departments & Practices
    Anti-Bribery and Corruption Antitrust/Competition Asset Management Banking and Finance Capital Markets Corporate and M&A Corporate Governance and ComplianceEmerging Markets Employment and Benefits Environment & Regulatory Law Financial Services Regulation and Investigations Insurance  • Islamic Finance Latin America • Litigation, Arbitration and Dispute Resolutions Projects Public International Law Public Law Real EstateRestructuringSanctions, International Trade & Investment ComplianceTaxU.S. China Group • U.S. Regulatory

Major Office Locations

  • London (HQ) • New York, NY • Washington, DC • Abu Dhabi • Amsterdam • Antwerp • Athens • Bangkok • Beijing • Belfast • Bratislava • Brussels • Bucharest • Budapest • Casablanca • Doha • Dubai • Düsseldorf • Frankfurt • Hamburg • Hanoi • Ho Chi Minh City • Hong Kong • Istanbul • Jakarta • Johannesburg • London • Luxembourg • Madrid • Mannheim • Milan • Moscow • Munich • Paris • Perth • Prague • Riyadh • Rome • São Paulo • Shanghai • Singapore • Sydney • Tokyo • Toronto • Warsaw • Yangon