Ed. note: Welcome to our daily feature, Quote of the Day.
While the principles for shared governance of the combined firm have been agreed, the specifics will be further developed after the vote as part of the integration process.
— A joint statement from Allen & Overy and Shearman & Sterling given to Bloomberg Law, concerning the fact that Allen & Overy’s current leaders, senior partner Wim Dejonghe and managing partner Khalid Garousha, will take charge of A&O Shearman if the merger is approved next week. Shearman’s senior partner, Adam Hakki, is expected to play a senior role in the combined firm’s governance, and will sit on its executive committee.
Staci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Twitter and Threads or connect with her on LinkedIn.