Recently, Shearman & Sterling and Allen & Overy indicated in a joint statement that they plan to merge, with the new merged firm named Allen Overy Shearman Sterling.

A&O is one of the world's largest law firms with a reputation for excellence in the financial services sector, and Shearman is a New York-based international law firm serving leading global corporations and major financial institutions, emerging growth companies and other institutional sectors. The merger will create the world's third largest integrated elite law firm and the world's first truly integrated multinational legal services platform.