Hogan Lovells merger gets backing of firms' partners

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  • It will be interesting to see if Hogan Lovells is the first of many mergers now in the legal sector. Certainly, if you believe the recent BDO/Jomati survey many more are in the pipeline. The pain that law firms are now facing becasue of the recession will drive many into defensive mergers, principally to reduce costs and protect partner profits. How many will be genuinely strategic like Hogan Lovells? Few, I suspect.

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  • Give us a snog!

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  • No surprises here. It all seems to make sense but I guess we'll have to wait for May to see if it's a success or not. It will be interesting to see how the integration goes and the sooner they al move in together the better but that's easier said than done.

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  • I doubt that this merger will lever either firm to a new 'level' of activity in any of its main jurisdictions. I can't see the addition of Hogan making investment banks any more (or less) likely to recommend/insist on/tolerate the new entity than they do Lovells. Ditto on the other side of the Atlantic.
    There may be a few international clients who will see the benefit but again, no step change.
    I guess it depends on the definition of success. A new force in international legal services? Doubtful. A sensible union giving both firms access to a broader international footprint? Certainly.
    I would say a fair assessment is that this merger is "strategically defensive". Nothing wrong with that, but don't expect miracles.
    Oh, and let's open the book on the disappearance of the Lovells name. Two years? Three?

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  • They could have named the new firm "HoLove"...

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  • As an insider, I can say Firenbrimstone is about right, in my view.

    Lovells name may stay for some time.

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