London-based law firm Allen & Overy announced on Tuesday that it has hired Kfir Abutbul as the head of its U.S. energy private equity group. Abutbul, who was previously a vice chair of the energy and infrastructure practice at Paul Hastings, brings his expertise in domestic and cross-border private equity deals in the energy transition, renewables, power, and infrastructure sectors to Allen & Overy.
With a focus on reaching climate goals and achieving net zero emissions, the energy sector is experiencing significant growth and innovation. Abutbul expressed his excitement about the opportunities in this space.
This hire comes as Allen & Overy plans to merge with the New York-based law firm Shearman & Sterling. The combined firm, to be called Allen Overy Shearman Sterling, is expected to have about 3,900 lawyers in 49 offices and a global revenue of about $3.4 billion.
Abutbul will be based in New York, where he will support Allen & Overy’s expanding U.S. corporate private equity and mergers and acquisitions practice. While Allen & Overy currently does not have an office in Houston, Shearman & Sterling has three Texas offices, strengthening the firm’s presence in energy-focused locations.
Allen & Overy has been actively growing its U.S. presence in recent years, increasing its number of lawyers from 180 to over 270 and opening new offices through the hiring of lawyers from competitor firms. Other London-based law firms, such as Clifford Chance, have also been making moves to accelerate growth in the United States, with a focus on the energy sector.
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