A&O blames recession for exhaustive clearout
Allen & Overy’s (A&O) wide-reaching internal restructuring was triggered by an unexpectedly sharp downturn at the beginning of this year, according to managing partner Wim Dejonghe. Last week the firm announced ;a ;£44m restructuring that will see it cut 47 partners and 200 fee-earners, spin off its private client business and freeze billing rates at […]