Allen & Overy (A&O)’s management is bullish about the Magic Circle firm’s US expansion plans, having broken lockstep twice in 12 months to bring in two finance teams from major US firms.
In February it emerged A&O used its bonus pool to hire a three-partner Paul Hastings team. The US firm’s leveraged finance head Bill Schwitter joined A&O’s New York office as the firm’s global co-head of high-yield alongside partner Michael Chernick and capital markets partner Jeffrey Pellegrino.
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