A&O Shearman Revenue Surges to $3.7 Billion
- A&O Shearman is at the forefront of legal innovation, consistently delivering landmark results for clients across a wide range of complex transactions.
- The firm's capabilities extend to important financial transactions, having advised the underwriters on TD Bank's $14.6 billion exit from Charles Schwab, and the underwriters and funders on the...
- Looking ahead, A&O Shearman has begun FY26 with a series of new landmark client wins.
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A&O Shearman is at the forefront of legal innovation, consistently delivering landmark results for clients across a wide range of complex transactions. The firm recently advised Liberty Global on its $3.2 billion Sunrise Communications spin-off and dual listing, and prosus on its €4.1 billion acquisition of Just Eat Takeaway.com. Further demonstrating its expertise,A&O Shearman advised Exscientia on its combination with US-based biotech company Recursion,and the lenders on the restructuring of over $11.5 billion in offshore debt for Shimao Group Holdings.
The firm’s capabilities extend to important financial transactions, having advised the underwriters on TD Bank’s $14.6 billion exit from Charles Schwab, and the underwriters and funders on the €5.8 billion debt refinancing of XpFibre. A&O Shearman also secured litigation victories for Uber in a Securities Exchange Act case and for SAP in connection with the $12.5 billion sale of Qualtrics to Silver Lake Capital.
Looking ahead, A&O Shearman has begun FY26 with a series of new landmark client wins. These include advising Partners Group on its joint acquisition of Techem – the largest M&A transaction in Germany this year; Athora on its £5.7 billion acquisition of Pension Insurance Corporation Group; Sanmina in its $3 billion acquisition of ZT Systems’ data center business; the lenders on EQT’s $5.5 billion acquisition of Fortnox AB; Froneri on its €4.25 billion financing; and Sizewell C on its supply chain and contracting strategy for the £38 billion nuclear project.
A&O Shearman is a leader in the integration of artificial intelligence into legal practice. the firm was the frist globally to deploy generative AI enterprise-wide with Harvey in 2022. Building on this, ContractMatrix, the firm’s award-winning AI-based contract management platform, was developed in collaboration with Harvey and Microsoft. In April 2025, the firm began rolling out a suite of agentic AI agents, also built in partnership with Harvey, focused on complex legal workflows such as antitrust filing analysis, cybersecurity, fund formation, and loan review.
The firm’s deep understanding of AI technologies and governance allows it to provide innovative and pragmatic advice to clients on managing AI legal risk.A&O Shearman has dedicated AI experts in every major jurisdiction, serving tech giants, AI foundation model developers, and leading financial institutions, including three of the five biggest Western banks, and even advising a G20 contry on its national AI strategy and regulation.