Despite Allen & Overy’s (A&O’s) reputation as a finance-led firm, its corporate department now contributes more than 30% of global fee income, a testament to the firm’s ability over the last two years to attract high quality work .
The group, headed by Richard Cranfield, has won a raft of new business including instructions from BT – advising it this summer on the £2.14bn sale of Yell. A&O also impressed Italian internet operator Tiscali, which it instructed on its £12.5bn merger with World Online in September last year.
Other new clients of the corporate group in the past 12 months include Hyder, Hartford Financial Services Group and Nikko Principal Investments.
