Allen & Overy axes half of its leveraged finance partners

March 9, 2009 Five partners Allen & Overy's leveraged finance team in London will leave the firm after collapsing buyout activity has brought leveraged finance work to an all-time low.

31 of the Allen & Overy's 108 banking associates will be layed off, significantly more than the 9 per cent announced for the rest of the firm, writes The Lawyer.


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