What you need to know about… Hogan Lovells
November 13, 2021
4 min read
An intro to the firm
In 2010, US firm Hogan & Hartson merged with UK firm Lovells to create one of the world’s largest transatlantic firms, Hogan Lovells. While the firm has only been operating for a decade, its excellent work has made it one of the best combinations of scale and quality outside the magic circle, and a member of the emerging global elite. A global revenue of USD 2.25 billion makes this Anglo-American juggernaut one of the ten biggest firms in the world.
The firm’s network of 48 offices spanning 26 countries implies that the work is truly international, with London trainees reporting that they have interacted with people from almost every continent in the course of their work. The trainee intake of 50 is generous and inclusive, as around 50% are recruited from a non-law background. The firm has a diverse array of top-ranking practice areas, with corporate and finance being the top revenue generators, followed closely by global regulatory, intellectual property, media and technology, and litigation. To characterise the firm in three words, Hogan Lovells is international, unique in its practice areas, and inclusive.
Its key strengths
The firm’s financial litigation practice boasts high rankings, due to its rich experience based on a well-established banking practice. The client roster is impressive and includes 46 out of the 50 banks listed on the Fortune 500, including institutions such as HSBC, Lloyds, Citibank, Ares Management, and more! Hogan Lovells uses its deep knowledge of the financial services industry, its products and the law, to identify when its clients’ seemingly simple disputes can have far-reaching monetary implications.
The firm also has a Tier 1 ranked practice in administrative and public law, and has extensive knowledge on government policy that it applies to the dealings of corporate clients with state regulators. Its innovative side is exemplified through its Brexit Taskforce, which provides both public and private sector clients important business-critical knowledge of constitutional, public and rights reform. The team’s expertise is also evidenced by the fact that it is permanently retained by The Crown Estate for advice regarding the statutory requirements of its commercial endeavours.
Hogan Lovells’ aviation finance team is involved in structuring complex asset financing transactions all over the world, that are located across borders, subject to the laws of multiple jurisdictions and under immense time pressure. The firm’s expertise in this area spans the globe and every facet of the industry (from regulatory work to environmental issues), making it “a one-stop shop for all aviation finance leasing work.” The firm recently advised long-term client Norwegian Air Shuttle ASA on its recapitalisation. This involved the conversion of USD $912 million of the company’s aircraft operating lease obligations into shares, the restructuring of its aircraft operating leases, along with the acceptance of a COVID-19-related state aid package from the Norwegian government. The deal was awarded “Equity Deal of the Year” at the AFJ Awards 2020, recognising the most innovative transactions.
Training, training, training...
Report written by Roshni Suresh Babu
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