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A&O Shearman merger faces hurdles as pension liability, partner retention weigh on plans
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Shearman & Sterling’s pension liability and its ability to retain key partners are two of the main hurdles in the way of the US law firm’s mega-merger with Allen & Overy.
The pair announced on 21 May that they had agreed to merge in a deal that would create a $3.4bn legal powerhouse. The deal is subject to partner votes on both sides which are set to take place in September or October, according to people familiar with the situation.
Shearman —...
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