Allen & Overy, an international law firm, agreed to merge with Shearman & Sterling, a multinational law firm headquartered in New York City. Financial terms were not disclosed. "This combination of two great firms is such an exciting step for us. Both firms have a history of excellence, and together we think A&O Shearman will be a firm unlike any other in the world. We have listened to our clients and their requests for the highest quality advice to help navigate the demands they face, and to do so in an integrated and globally consistent way. We, A&O Shearman, will do this by accelerating our ability to bring the best of both firms, regardless of geography," Wim Dejonghe, Allen & Overy Senior Partner.