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A&O and Shearman hand out forgivable loans to lock in partners after £3.4bn merger

The loans have already been dispensed to partners who signed up

A&O senior partner Wim Dejonghe said in July that there would be no lock-in mechanism for partners post-merger
A&O senior partner Wim Dejonghe said in July that there would be no lock-in mechanism for partners post-merger Photo: Alamy

Allen & Overy and Shearman & Sterling are offering partners forgivable loans in a bid to get them to stay with the combined firm after its 2024 merger.

Partners at the two law firms voted in October to merge in a deal that will create a £3.4bn firm, which will complete in May 2024.

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