A&O’s hard facts of life
On one hand so bold, on the other, so familiar. Here we are two years on, with Allen & Overy (A&O) announcing another restructuring that borrows ideas from rivals - with booster rockets attached. Consider the history. In February 2009, A&O unveils a comprehensive restructuring of its business pulling together measures that rivals were deploying piecemeal, including partner exits, firmwide job cuts, a capital injection and a freeze in billing rates. Then in February 2011 A&O unveils a comprehensive initiative to offshore swathes of its back-office and legal support work to become an outpost in Belfast set to grow to 300 members of staff by 2014.
On one hand so bold, on the other, so familiar. Here we are two years on, with Allen & Overy (A&O) announcing another restructuring that borrows ideas from rivals – with booster rockets attached.
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