Allen & Overy launches new consulting business with JPMorgan hire; ups US associate salaries

Former FSA managing director Sally Dewar to join as a partner as A&O confirms it is matching Cravath's associate pay rates in the US

Allen & Overy (A&O) has launched a new regulatory consulting business to work with its financial institution clients, hiring a managing director from JPMorgan in London to lead the venture.

Sally Dewar, who has been working as a managing director and head of international regulatory affairs at JPMorgan in the City, is to join in September to head the Allen & Overy Strategy Group.