Thursday, September 28, 2023

Hogan Lovells grows 1.9% global turnover, 25.9% profits per partner

According to a law firm's press release, Hogan Lovells registered a turnover of €47.2 million in Spain, growing circa 2% during 2021


Hogan Lovells’ Key global figures

“The firm achieved record financial results in 2021 across the board. With 12.9% growth in global revenue, a 16.5% increase in revenue per lawyer, and a 25.9% increase in profits per equity partner, the firm had the strongest overall results in its history.”

MIguel Zaldívar, Hogan Lovells´ CEO

Zaldívar explained that these record numbers are the result of a combination of factors: “ As one of only a few truly integrated global law firms, we are delivering on our vision to operate at the intersection of business and government—and the market is responding. We have mandates around the world to represent clients in their most complex matters across practices and jurisdictions.”

He points out, specifically, to Hogan Lovells Global Transaction practice as a key driver for the great performance: “Our global transactions practice was a key driver of our performance—we represented clients in some of the biggest M&A deals of 2021, particularly in tech M&A, including Oracle on its acquisition of Cerner Corporation. Our focus on highly regulated sectors was brought to bear in many of these transactions. For example, we provided antitrust and foreign direct investment counsel to AmerisourceBergen Corporation on its acquisition of Walgreens Boots Alliance, Inc.’s wholesale distribution business in Europe.”

He also mentioned Litigation as an area on the rise: “Additionally, we saw our Litigation work on the rise—particularly in the areas of complex multi-jurisdictional disputes work and tech Litigation. Our firm is recognized as a leader in trial work, and in 2021, we obtained the largest trade secrets verdict in the U.S. in a dispute involving industry-leading property management software.”

According to the law firm’s press release, during the last year, the law firm growth was around 2%, reaching a turnover of €47.2 million.

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