Allen & Overy has a solid, dependable practice spread across 15 jurisdictions. It is especially strong in Europe, where it has recently had a hand in a raft of high-profile telecommunications, media and technology deals and investigations.
|Merger ranking||7||Litigation ranking||-||Cartel ranking||3|
|Global heads||Antonio Bavasso, John Terzaken|
|Number of jurisdictions with a competition team||15|
|Percentage of partners/counsel in Who's Who Legal||57|
|Lateral partner hires||2|
Alongside Cleary Gottlieb Steen & Hamilton, an Allen & Overy team is representing Google during the European Commission’s Android investigation; the company both received and responded to a statement of objections from the EU enforcer in 2016.
Antonio Bavasso, the London-based head of the firm’s global practice, acted for VimpelCom as it created a joint venture with CK Hutchison. In a tough atmosphere for EU review of telecoms tie-ups, the European Commission’s Directorate-General for Competition approved the deal on the condition that the companies facilitate the entry of a fourth mobile network on the Italian market. Bavasso also represents 20th Century Fox and 21st Century Fox in DG Comp’s pay-TV investigation. The firm also advised TNT during its €4.4 billion acquisition by FedEx, which received DG Comp clearance but is subject to a General Court appeal; KPN as it sold Base; and Seagate Technology, which asked China’s Ministry of Commerce to lift hold-separate conditions it imposed during the Seagate/Samsung HDD deal – resulting in the agency releasing the company from those remedies.
Allen & Overy’s real strength lies in its stellar cartels track record; while some larger law firms struggle with dips in quality in offices in certain jurisdictions, this team has strengths across the world, and is a serious presence before multiple authorities – not just the DOJ, FTC and DG Comp. Among several interesting confidential Asia Pacific investigations and at least one matter in Latin America – an impressive feat for a firm that has a relatively small footprint in that part of the world – it can be reported that the practice has recently bagged a declination for a financial services client before the US DOJ; fought against the European Commission’s use of secretly taped phone calls on behalf of Heiploeg; and represented a financial institution in a cartel matter involving the US, EU, Japan, Canada and China. The firm also has an impressive roster of Chinese matters that cannot be reported.