In brief: Allen & Overy

Allen & Overy has redrawn its partnership deed, introducing a corporate style of governance to make the firm more accountable to its partners. The firm has introduced an 11-member board, from which seven members will stand for election in October – including managing partner John Rink and senior partner Bill Tudor John. After October's election, the board will select an executive committee to run the day-to-day management of the firm.