A&O: global but not multilingual
Allen & Overy (A&O) missed out on advising Italian bank UniCredito on its €15bn (£9.95bn) merger with Germany’s HypoVereinsbank because the global firm was unable to staff the deal with Italian-speaking partners. Although A&O has established offices in Italy and Germany, Italy’s second-largest bank instructed Freshfields Bruckhaus Deringer to advise on the largest-ever cross-border merger because the […]