Allen & Overy and Allen & Gledhill call time on tie-up talks

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  • Short-sighted. In five years' time the balance of power between the two firms is likely to be radically different.
    I expect a mainland Chinese firm will be only too happy to now explore the opportunity of an alliance with Allen & Gledhill.

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  • Shame, I was looking forward to hearing about Allen & Allen. There's a synergy there.

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  • Singapore is a coming force in the global legal market, encouraged by the Singapore Government's policy of liberalising the market. The key date is 2015 and the creation of ASEAN as a single economic community - Singapore will be centrally placed in a market of over 600 million people. Most observers on teh ground did not feel that this link up had any legs so it is not a surprise. Where both firms go from here will be interesting.

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  • This is a good outcome for A&O. The initial talks signaled a desperation or naivete on the part of A&O and / or indicated that it is facing severe profitablity problems. There is simply no way a combination like this could be anything but highly dilutive of profits. There are surely a handful of worldclass partners at Allen & Gledhill, but it is not a very big handful. Had this gone forward it would have been a step in the direction of the evolution of big law firms into faceless, anonymous and unattractive accounting firms. does A&O really want to lead that movement?

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