Allen & Overy (A&O) has bagged a trophy role alongside McDermott Will & Emery as international counsel on Tyco International’s $65bn (£32.4bn) restructuring.

A&O fielded a 300-lawyer team on the corporate restructuring for the spin-off of Tyco’s healthcare and electronics businesses to its shareholders. The move separates Tyco International into three independent, publicly-traded companies, with both of the new companies floating on the New York Stock Exchange.