Allen & Overy is in the midst of restructuring its Hong Kong arm as a response to the ailing economy as well as to its loss of seven corporate partners who laterally moved to Latham & Watkins in October 08. The firm is left with four partners. Allen & Overy has assured its staff that it is thinking of them first. The public, as well as its staff, will have to wait to see the outcome of this restructure.
Source: www.asialegalbusinessonline.com
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