Hogan Lovells posts first results after merger

Hogan Lovells has posted its first financial results since its merger last year, with average profits per equity partner climbing around 10% from $1.042 million to $1.144 million. Revenues dropped marginally from the $1.68 billion posted by legacy firms to $1.66 billion in 2010, but the increased PEP was achieved via an 8 per cent increase in average revenue per lawyer, and a string of departures from the partnership. Hogan Lovells co-chief executive David Harris said: "We see this as a strong performance given the market conditions. Our priority since the combination has been to focus on our clients, demonstrating to them the increased strengths we have across our practice areas and markets. We have already achieved a lot through our combination and we are pleased with our progress to date."

Hogan Lovells posts first results after merger legalweek.com Thu, Feb 17, 2011