2020 Vault Rankings
At a Glance
“Respect for work/life balance.”
“The culture and people.”
“Substantive work early on.”
“Lack of partnership prospects.”
“It's BigLaw (hours, stress, etc.).”
"Lack of large U.S. presence”
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.
Founders George Allen and Thomas Overy left a firm called Roney & Co. to open shop in London in 1930. It was George Allen’s representation of King Edward VIII during his 1936 abdication to marry American Wallis Simpson that really made the firm’s name (at the time, no scandal was bigger). In the decades the followed, A&O became one of London’s most prominent legal shops.
Today, A&O has offices and partners in more than 30 countries, and it has a network of associate firms that enable it to do business in 100 more nations. With around 550 partners and more than 2,000 lawyers, A&O is one of the largest law firms in the world. 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.
As one would expect from a megafirm, A&O counsels in a wide variety of areas, from asset management and litigation to corporate and M&A to financial services regulation and regulatory compliance to securitization and tax—and everything in between. Given its international reach, it is no surprise that A&O is skilled in cross-border disputes—the firm is a regular among the top 10 in Vault’s International Practice Area ranking. The firm’s reach is particularly useful for its litigation practice, which counsels global clients in everything from international arbitration to finance litigation to regulatory investigations, and much more.
Of course, you can’t talk about A&O without mention of its booming transactional practice. The firm has more than 1,000 lawyers specializing in banking and finance around the globe, making it one of the largest banking and finance departments of any law firm. The firm reaches across practice areas—including litigation, regulatory, and restructuring—to deliver innovative financial counsel. It’s no wonder the firm is among the top 20 in Vault’s Banking & Finance ranking.
On the M&A front, the firm has had a hand in 5 of the 10 highest-value cross-border M&A deals in 2018 and advised in more than 300 M&A deals in 2018 alone. Recently, the firm advised 21st Century Fox in its acquisition by the Walt Disney Company, Atlantia in its takeover bid of Abertis, and Qualcomm in its acquisition of NXP Semiconductors, to name a handful.
The Right Direction
Allen & Overy has ditched annual performance reviews and replaced them with Compass, an innovative approach to performance and development that incorporates ongoing feedback rather than one yearly assessment. Associates receive real-time feedback via career conversations with partners. And the firm hosts a Compass app that allows attorneys to give and receive feedback at any time.
Feedback isn’t limited to associates, however. The firm offers a reverse mentoring program through which associates act as mentors to A&O’s Global Board members and senior leadership.
News & Awards
In the latest edition of the Adviser Rankings’ league tables, A&O has performed extremely strongly, ranking second by number of FTSE 100 clients, climbing one place since the tables were last issued. The performance demonstrates how increasingly compelling A&O’s London and global Corporate offering is to the U.K.’s leading organizations for their most complex matters.
Allen & Overy advised on 31% more deals than any other law firm in the world in 2018, the most recent league tables have revealed. The data, which covers global DCM, ECM, M&A, loans and project finance transactions, also shows A&O as the second highest adviser in terms of deal value in 2018. The result confirms that for the fifth year running, A&O sees more of the global economy than any other firm, providing its lawyers with unrivalled international insight to bring to bear on deals and enhance client service.
(Sources: Refinitiv and Deal Logic)
Allen & Overy’s U.S. Leveraged Finance practice has been ranked in the top ten, by volume, across several categories in Debtwire’s 2018 North America Leveraged Loans Legal Advisors’ League Table Report. Significantly, the firm ranked fourth in both Bank Counsel North America Buyout Leveraged Loans (up 22 places versus 2017) and Bank Counsel North America Buyout Institutional Loans (up 19 places versus 2017) which is a remarkable achievement for a relatively new practice group.
Allen & Overy’s New York team advised EG Group on its $2.15 billion acquisition of The Kroger Co.’s convenience store business, establishing EG Group as one of the 20 largest convenience store chains in the United States. EG Group, which previously had no retail presence in the United States, will establish its North American headquarters in Cincinnati, where Kroger is based.
- 21st Century Fox on its proposed acquisition by The Walt Disney Company.
- Robert Bosch LLC and Robert Bosch GmbH in the multidistrict antitrust litigation involving 31 separate auto parts and claims by automobile dealers, end payors, and direct and indirect purchasers, who seek billions of dollars of damages for alleged cartel behavior. The auto parts investigation is one of the largest that the DOJ has ever undertaken.
- Carlyle Infrastructure Partners on the $8.5bn financing, construction, operation, and maintenance of the redevelopment of Terminal 1 at JFK Airport.
- Worldpay on its merger with Vantiv, which involved lawyers from 20 A&O offices.
- Global Elite Firm, ranked third worldwide, Global Competition Review, 2019.
- Most Innovative Law Firm, FT Innovative Lawyers Awards Europe, ranked for a record sixth time in 2019.
- Ranked second in the Global 20, Law360’s Global 20, 2018.
- Americas Law Firm of the Year, Global Capital Americas Derivatives Awards, 2018.
- A&O ranked 579 times across all directories, Chambers and Partners directories, 2018.
Why Work Here
See the Allen & Overy career's page for more information about how to apply:
Allen & Overy has it both ways
Allen & Overy associates frequently evoke not one but two elements of their firm's culture. "Reserved," says a member of the U.S. Law Group in London, "but friendly." Another U.S.-trained attorney in London calls the firm "relaxed and professional." In New York, an associate picks up the thread, labeling the firm "friendly and professional." Still another New Yorker describes the firm as follows: "Friendly, down-to-earth, welcoming, but hard-working and high-achieving."
Of course, there are those who choose to emphasize only one aspect. A contact in Prague focuses on Allen & Overy's business sensibilities, characterizing the firm as "very confident, quality-driven, service-oriented, and very devoted to clients." A U.S.-trained lawyer in London, however, accentuates the friendly, explaining: "In general terms, Allen & Overy is known outside the firm for how genuinely nice the people are. People are friendly and helpful, and there is the right balance between work and fun and social events."
1221 Avenue of the Americas
New York, NY 10020
Phone: (212) 610-6300
Senior Partner, U.S. and Latin America: Tim House
Managing Partners: Dave Lewis (NY), Barbara Stettner (DC)
Hiring Partners: Brian Jebb (NY), Jean Lee (DC)
Total No. Attorneys 2019:
2.5K - 3K
1st year: $190,000
2nd year: $200,000
3rd year: $220,000
4th year: $255,000
5th year: $280,000
6th year: $305,000
7th year: $325,000
8th year: $340,000
Summer associate: $3,654/week
Summer Associate Offers:
32 out of 32 (2Ls) (2019)
No. of Summer Associates:
32 total (All 2Ls) (2019)
Mary Alex Hudson
Manager, Recruitment & Professional Development
New York, NY
Ho Chi Minh City
Anti-Bribery and Corruption
Banking and Finance
Commodities Regulation and Enforcement
Corporate and M&A
Derivatives and Structured Finance
Employment and Benefits
Financial Services Regulation and Investigations
Leveraged and Acquisition Finance
Energy and Infrastructure
Restructuring and Insolvency
National Security and International Trade
*See firm website for complete list of practice areas and industries.