Lovells and USrival to push on with merger

LONDON law firm Lovells and US rival Hogan &amp; Hartson yesterday said they had received unanimous support from management of both firms to combine their partnerships. <br /><br />Management at Hogan &amp; Hartson and Lovells will now make recommendations to their respective partnerships to go forward with the proposed merger of equals. A merger between the two companies will create one of the world&rsquo;s largest law firms with more than 2,500 attorneys and revenues of around &pound;1.5bn. <br /><br />The effective date of the merger is expected to be 1 May 2010, subject to partnership approval. A merger will shake-up practices at both firms: US firms traditionally reward partners for how much work they bring in- whereas UK firms are traditionally hierarchical.<br /><br />Chairman of Hogan &amp; Hartson J Warren Gorrell Jr said: &ldquo;This would be the first transatlantic merger of two top 30 global law firms, creating a unique global firm covering the US and other international markets.&rdquo;<br /><br />Lovells managing partner David Harris said: &ldquo;The strong similarities in the fundamental values of each firm, combined with the powerful business rationale for the merger, are a compelling proposition.&rdquo;