Hogan Lovells passes competition hurdle in Cyprus and Germany
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Hogan & Hartson and Lovells have moved one step closer to making their agreed merger a reality after gaining competition clearance in Cyprus and Germany.
The Polish authorities are currently assessing whether such a tie-up would provide a fair deal for corporate consumers. A decision on this is expected within the next month and is expected to be the final regulatory hurdle ahead of the 1 May merger.
Hogan and Lovells together have offices in 24 jurisdictions plus several US states.
The combined Hogan Lovells would have an estimated turnover of £1bn. Lovells turned over £536m in the 2008-09 financial year, while Hogan posted revenues of $922.5m (£572.05m) during 2008, the most recent year financial results are available for.
The firms recently announced the composition of the Hogan Lovells board. It will be chaired by Lovells senior partner John Young and co-head of Hogan’s Latin America group Claudette Christian. Lovells managing partner David Harris (pictured) and Hogan chairman Warren Gorrell will become joint chief executives.
There are a further eight members drawn from the partnerships of the respective firms, with each chosen to reflect a spread of geographical and practice areas (21 January 2010).
