A HogLoving Cad
Hogan Lovells and US firm Cadwalader have agreed to merge, as the proposed combination announced last December, has now been approved by the partners.
The law behemoth will be called Hogan Lovells Cadwalader, but will surely/hopefully be abbreviated to HogLoveCads, in due course.
The mega firm will have an annual revenue in excess of US$3.6 billion and operate through five "primary hubs" which the firms has identified as Washington, D.C., New York, London, Germany, and FRIS (the region of France, Italy, and Spain).
It’s been 16 years since Lovells merged with US firm Hogan & Hartson, and the latest addition brings around 400 attorneys to the outfit – and some old school US class: Cadwalader, Wickersham and Taft, "Wall Street's oldest firm" is regarded as being the longest continuously running law firm in the States.
Hogan Lovells CEO Miguel Zaldivar, who will continue as CEO at the new firm, said: "We are creating a firm like no other, with the expertise to advise clients on their most complex work across the G20. We see strong opportunities for growth, and clients have expressed enthusiasm and excitement for the combined firm's expanded reach and depth."
Cadwalader's two Co-Managing Partners Patrick Quinn and Wes Misson will both take Global Managing Partner roles at the new firm.
"Our combined strength will enhance our ability to invest in top talent in a fiercely competitive legal market, as well as in AI and other technology at a vital time for these investments," said Quinn.
Misson commented: "Clients have told us they want integrated teams that collaborate across practices and offices, and provide comprehensive, business critical advice. This is particularly true for those executing complex financing and transactional work along the New York-London corridor—a major opportunity for Hogan Lovells Cadwalader."
It comes in the same week that Ashurst and Perkins Coie also confirmed their merger, providing an opportunity to compare which new outfit said the most proud things about their juggernaut combination.
The clock is now ticking for the likes of Lathams, Cooley and those other stateside holdouts to give in and take a UK partner in their arms.
Comments
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“The clock is now ticking for the likes of Lathams, Cooley and those other stateside holdouts to give in and take a UK partner in their arms.“
Lol, don’t think Latham needs a UK merger.
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the picture is genius - well done. Conversely to the comment above, it remains to be seen if UK and international practices without a US office will entertain US mergers to solidify their global presence.
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Why on earth would Latham or any other top line US firm want a low profitability, messy UK firm? There is a reason why Ashurst has ended up with a third tier firm like Perkins Coie - Ashurst went completely off the boil more than a decade ago. It's still an excellent firm, but the days when it sat just behind the magic circle, or it thought it was better than the likes of Latham and Sidley are long gone.
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Why would US firms dilute their PEP and RPL by merging with us unindustrious Brits? Next big trend will be US firms with middling PEP selling out to PE
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They are building a fighting force of extraordinary magnitude.
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If it takes HogLovs 319 hours to write 25 pages, the Partnership Agreement will never be finalised
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DWF Clifford Chance and Latham & Watkins are merging to form a multi tier (!) monolith.
Whilst the merged name is to be decided on, DWF management are adamant it will be:
DWF CCLW (with the firm name stuck on the side of each office with a sticking plaster.
Whilst approached for comment, Clifford Chance and Latham & Watkins receptionists were too busy chocking on their champage lattes to give an answer.