Hogan Lovells Revenue, Profit Jump in CEO’s Final Year

Feb. 21, 2020, 1:25 PM

Hogan Lovells CEO Stephen Immelt will end his six-year tenure as the firm’s leader on a high note as the global firm said that revenue in 2019 rose 6% from the prior year to $2.25 billion and profits per partner jumped 9% to $1.5 million.

RPL Rose, Too: The transatlantic firm formed by the merger of Hogan & Hartson and Lovells a decade ago saw revenue per lawyer, often considered the most telling metric of a firm’s financial health, rise nearly 6% from 2018 to $850,000 last year.

Trends: Immelt said the firm is “constantly” thinking about how to deliver more efficient services, which is an industry-wide pressure he expects to increase after he retires from the firm midyear. Roy Strom has the story.


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Davis Wright Tremaine brings partners Stacie Neroni and Hope Levy-Biehl to the national healthcare industry team in Los Angeles from Nelson Hardiman | Snell & Wilmer added Molly J. Kjartanson as an associate in its Bankruptcy Practice group in Phoenix, and Brenna L. Wolcott as an associate in the Commercial Litigation group in Denver | Nexsen Pruet hired environmental law attorney Michael Traynham in Columbia, S.C. | Nixon Peabody has appointed Matthew A. Richards as the firm’s new pro bono partner | Butler Snow recently added Andre B. Mathis to the Commercial Litigation group in Memphis | Akerman announced that Grasford Smith has joined the Litigation Practice Group in West Palm Beach from Jones Foster P.A. | Crowell & Moring hired former U.S. Department of the Treasury attorney Caroline Brown, as a partner in the International Trade and White Collar & Enforcement groups in Washington | Squire Patton Boggs added attorney Ben Glassman as a partner in its Government Investigations and White Collar Practice Group in Ohio; he will split time between the Cincinnati and Columbus offices | Carlton Fields added real estate and commercial finance lawyer Paul E. Kisselburg as of counsel in Washington from Fox Rothschild | Mintz grabbed Orrick capital markets attorney Andrew Thorpe as a member in its corporate group in San Francisco | Brown Rudnick added three partners to the Corporate Practice in London; Neil Foster (who will serve as Global Co-Chair and European Head of Technology), Tim Davison and Sarah Melaney all join from Baker Botts | Venable’s Real Estate practice hired J. Michael Pickett and Thomas C. Klanderman from Morgan Lewis; Pickett will split his time between the Washington and Tysons, Va., offices, while Klanderman (along with counsel Bryan J. Hoynak and associate Noah M. Tischler) will be based in the D.C. office.

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To contact the reporter on this story: Bruce Kaufman in Washington at bkaufman@bloomberglaw.com

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