International law firm Hogan Lovells, under the leadership of incoming CEO Miguel Zaldivar and deputy CEO Michael Davison, announced significant internal changes including fewer practice groups and regions, as well as a smaller international management committee (IMC) commencing 1 July.
The IMC is responsible for setting and implementing the firm’s strategic direction and business operations, and comprises the heads of Hogan Lovells’ practice groups, administrative regions, clients and markets.
The firm’s five practice groups will be condensed into three. Its corporate and finance practice groups will be combined to create a new corporate and finance practice made up of about 400 partners. Its global regulatory, and intellectual property, media and technology (IPMT) practice groups will now be under one umbrella, the global regulatory and IPMT group, made up of 230 partners.
“Bringing corporate and finance together will eliminate a significant amount of overlap, particularly in the areas of capital markets, joint ventures, mergers and acquisitions, and commercial work, while combining the global regulatory and IPMT groups will take advantages of synergies in areas like privacy and cybersecurity, pharmaceutical and technology patent litigation, and antitrust investigations,” explained Zaldivar.
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