One of Allen & Overy’s (A&O) most senior corporate partners is set to leave the firm at the end of the 2011-12 financial year.
Alan Paul, who has been a partner at A&O since 1985 and sits on the firm’s board, has announced to partners that he will be retiring at the end of April 2012.
It is understood that he is currently considering a number of roles that could see him resurface at another law firm, though not in a full-time partner position.
Paul was re-elected to A&O’s board for a four-year term in 2010. According to a spokesperson for the firm, a process to replace him on the board has begun but there is nothing yet to report.
Paul is a corporate partner with more than 20 years’ experience in private equity leveraged transactions and has advised on more than 120 UK public takeovers. He is also the firm’s relationship partner for Macquarie Group.
A&O issued a statement that said: “Alan Paul has decided to retire from Allen & Overy at the end of our financial year. During the past 33 years Alan has made a significant contribution in helping to develop the corporate practice into the global leader it is today. We’d like to thank him for this contribution and wish him all the best for the future.”