Magic circle duo to net £9m in fees on Virgin Money takeover

Allen & Overy, Clifford Chance and Slaughter and May to share fees on deal that will create the UK’s sixth-largest bank

Allen & Overy (A&O) and Clifford Chance (CC) will share £9m in fees following Clydesdale and Yorkshire Banking Group (CYBG’s) £1.7bn takeover of Virgin Money.

The magic circle duo were drafted in to advise on the acquisition when the deal was confirmed in June.

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