1. Home
  2. Knowledge Library
  3. News

Here's Why O'Melveny And Allen & Overy Ended Merger Talks

Aebra Coe LAW360.COM

Law360 (September 3, 2019, 9:07 PM EDT) -- A shifting macroeconomic climate played a role in the unraveling of merger talks between the U.K.'s Allen & Overy and U.S.-based O'Melveny & Myers, sources say, but cross-border merger talks between large law firms are often doomed from the get-go, according to legal industry pundits.

Sealing the deal on a financially integrated trans-Atlantic merger between two large law firms like Allen & Overy and O'Melveny is like Simone Biles landing her triple double flip — “everything must go perfectly” for it to work, said Jon Lindsey of Major Lindsey & Africa.

And, more often than not, it doesn't. Currency fluctuations in Britain with the uncertainty of Brexit could easily have been one of several factors that resulted in a crash landing for the deal, Lindsey said.

Related Content

There is currently no related content for this person
Show More
No More Results