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Allen & Overy spins off compliance platform ahead of Shearman & Sterling merger

Private equity firms Inflexion and Endicott Capital buy legal compliance platform

A&O is set to merge with Shearman to create a law firm with revenue of $3.5bn, and has sold off part of its business ahead of the deal
A&O is set to merge with Shearman to create a law firm with revenue of $3.5bn, and has sold off part of its business ahead of the deal Photo: Getty Images

Allen & Overy has sold its legal and compliance platform Aosphere to a pair of private equity firms ahead of its merger with Shearman & Sterling.

The Magic Circle law firm said on 30 October that it had agreed to sell the business to buyout firms Inflexion and Endicott Capital.

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