A&O raids CC for investment funds push

Allen & Overy (A&O) is set to hire a team of six associates from Clifford Chance’s investment funds group in London.

The team – which is thought to be joining in September – will boost the investment funds side of A&O’s three-partner bank regulatory group, headed by Simon Gleeson.

Clifford Chance’s investment funds group has undergone minor upheaval in recent months following the decision by rated partner Tim Herrington to go part-time.
However, its derivatives and private equity funds business remains unaffected.

Both Allen & Overy and Clifford Chance declined to comment.