Commentary: A&O bank shake-up - nothing special about specialisation
As the dust settles on Allen & Overy's (A&O's) firmwide restructuring and the separate shake-up of its banking practice, the post-Lehman trajectory for one of the top finance brands in global law is becoming clearer. Discussing the changes with A&O, three themes emerge. Firstly, A&O intends to go forward with a substantially smaller practice in the City. Secondly, the firm is tilting from specialisation towards broader, more flexible groups. And thirdly, Canary Wharf looks set to be the focus of its core banking franchise.
A leaner bank team and stronger Docklands presence leaves A&O well set for the future
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