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Some observers believed the contrast between A&O’s lockstep pay arrangement and O’Melveny’s merit-based compensation system were too much of a hurdle to overcome.
September 04, 2019 at 09:54 AM
1 minute read
The original version of this story was published on American Lawyer
The breakup of merger talks between O’Melveny & Myers and Magic Circle firm Allen & Overy came as a surprise to some partners of the U.S. firm who were confident in the last several weeks that the merger would occur, sources said.
The New York Law Journal affiliate Legal Week reported Monday that the two firms had finally called an end to their talks almost 18 months after they became public.
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