The impending merger of
The surprise merger deal, which was announced on 27 August, is set to give the merged practice a foothold in nearly every major European legal market.
Crucially, the proposed union appears to have won widespread backing from European partners at both firms who say that Dewey’s M&A brand will complement LeBoeuf’s top-tier energy and insurance business.
Likewise, the lack of duplication across the foreign network has won support for the deal, which is expected to go live in October creating a firm with revenues of nearly $1bn (£498m) under the banner Dewey & LeBoeuf, subject to a vote from partners.
The merged firm’s European practice will house around 400 of the firm’s 1,300 lawyers across offices in
The
The move reunites Dewey’s
Ironically, it is understood that Abousleiman has been influential in getting his
LeBoeuf will now hope to tap into Dewey’s institutional links, which include Deutsche Bank, Goldman Sachs, JP Morgan and Lloyds. Key LeBoeuf clients include
LeBoeuf London managing partner Peter Sharp told Legal Week: “The deal is a great fit in every respect. For example, there is very little overlap in the two firms’ practices in
Another LeBoeuf partner commented: “It looks more like a New York play, but the spin-off is that while Dewey’s London presence is quite small, it has an interesting portfolio of clients on the M&A and banking side and this could catapult us well up the league in the US and London. It is very exciting.”
Additional reporting by Georgina Stanley.
