Allen & Overy axes half of its leveraged finance partners

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.

Allen & Overy axes half of its leveraged finance partners thelawyer.com thelawyer.com Mon, Mar 9, 2009