October 29, 2009 8:01 AM
Hogan & Hartson, Lovells Merger Talks Advance
Posted by Ed Shanahan
Hogan & Hartson and Lovells are one step closer to merging. The management of both firms have signed off on the union, according to a statement released early Thursday. The agreement to proceed with the merger was unanimous; the matter will next be taken up by the firms' respective partnerships. The proposed merger is subject to approval by the partnerships.
The announcement comes three weeks after news of merger talks was first reported by London's LegalWeek. The leadership of Hogan and Lovells had been engaged in informal discussions for several months, according to that report.
If ultimately approved, the combined firm will number roughly 2,500 lawyers and rank in the top ten globally in terms of revenue, according to figures from The American Lawyer's most recent Global 100 ranking. Its reach will extend to 40 offices across several continents. According to the statement released Thursday, the merged firm "would have significantly increased capabilities to handle complex, cross-border work in all key international markets."
The proposed union "strengthens our ability to provide the highest-quality service to our clients on their most important and challenging matters where they need us most," said Hogan & Hartson chairman J. Warren Gorrell.
Lovells managing partner David Harris said, "The strong similarities in the fundamental values of each firm, combined with the powerful business rationale for the merger, are a compelling proposition."
Hogan and Lovells partners will receive documents setting out the terms of the proposal next week. A series of partner meetings reviewing the proposal are expected to take place over the next few weeks, with
required partnership votes expected around the middle of December. If approved, the merger would take effect on May 1, 2010.
What a Hogan/Lovells Merger Would Mean The Am Law Daily
Hogan, Lovells Union Faces Many Obstacles The National Law Journal
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