Allen & Overy Prepares to Launch in South America

Allen & Overy is eyeing a Latin America launch, with the Magic Circle firm in the process of gaining regulatory approval to open in Brazil. "There is a lot we need to do and it would take us around six months to complete the regulatory process, if we go forward with the plan," A&O U.S. co-managing partner Ian Shrank said. Many firms have been put off from launching in Brazil by restrictive local bar rules, which do not permit foreign firms to practice local law.

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