Allen & Overy has bagged a plum role alongside McDermott Will & Emery as international counsel on the $65bn (£32.4bn) spin-off by Tyco International of two of its divisions, the magic circle law firm announced today (4 July).

A&O fielded a mammoth 300-lawyer team to advise on the corporate restructuring for the spin-off of Tyco’s healthcare and electronics businesses to its shareholders.