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BigLaw firm confirms restructure and leadership changes
An international law firm has made a series of changes to its practice group structure and leadership team.
Emma Musgrave
Source: tr.tetris-db.com/en/projects/office-fit-out-for-law-firm/
Hogan Lovells has confirmed it has slimmed down its International Management Committee (IMC) – the body that is responsible for setting and implementing the strategic direction and business operations of the firm.
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In addition, the number of the firm’s practice groups has been shifted from five to three.
The new incoming CEO of Hogan Lovells has been confirmed as Miguel Zaldivar, while Michael Davison has been named deputy CEO.
Further, the other members of the renewed IMC have been revealed as Ina Brock (clients and industries), David Gibbons (corporate and finance), Alice Valder Curran (global regulatory and IPMT), Desmond Hogan (litigation arbitration and employment), Richard Lorenzo (Americas), Lloyd Parker (Asia Pacific) and Marie-Aimee de Dampierre.
“I set out my priorities in December as being: client service; investment in our key markets; incentivising even more collaboration across the partnership; managing our profitability; and supporting citizenship, diversity and inclusion, and sustainability,” said Mr Zaldivar.
“The changes to our structures help achieve those priorities by bringing increased speed and efficiency to our management decision-making, continuing the work which Steve Immelt started in 2014 in moving from co-leaders to single leaders.
“… I have tried to ensure continuity of leadership while prioritising bringing on a new and diverse generation of leaders.”
The move sees the previous, singular, corporate and finance practice groups combined to create a new corporate and finance practice made up of around 400 partners, according to a statement from Hogan Lovells.
The firm has also aligned its global regulatory and IPMT practice groups and put them together under one umbrella, global regulatory and IPMT, comprising around 230 partners, it said.
“There is already a significant amount of overlap between corporate and finance, particularly in the capital markets space as well as in areas such as joint ventures, M&A, and commercial work. Bringing them together creates a powerful force for our clients,” Mr Zaldivar said on the move.
“With global regulatory and IPMT there are already synergies between them in areas such as privacy and cyber security; pharmaceutical and technology patent litigation; and antitrust investigations.
“Both are also top-rated practices groups in their own right in the market and we will protect those positions in terms of how we go to market.”
