Law Firms
Partners approve Hogan Lovells Cadwalader, a proposed $3.6B global firm
With partner approval, Hogan Lovells Cadwalader is now set to launch July 1. (Image from Shutterstock)
With partner approval, Hogan Lovells Cadwalader is now set to launch July 1.
Hogan Lovells and Cadwalader, Wickersham & Taft announced Wednesday that its partnerships approved their merger plan, which was proposed at the end of last year. The new law firm will have 3,100 lawyers in offices in 18 countries and more than $3.6 billion in gross revenue.
“The combination will bring together Hogan Lovells—a recognized leader in highly regulated sectors across corporate and M&A, regulatory, IP, and litigation and other disputes work—with Cadwalader Wickersham & Taft’s market-leading finance, structured products and capital markets capabilities,” according to the firms’ announcement.
Cadwalader, the oldest firm on Wall Street, has served clients for over 230 years. Hogan Lovells has served clients in Washington, D.C., for more than 120 years; in London for more than 125 years; and in Germany for more than 135 years.
As a combined firm, their five primary engines will be New York; London; Washington, D.C.; Germany; and the region encompassing France, Italy and Spain.
“We are creating a firm like no other, with the expertise to advise clients on their most complex work across the G20,” Hogan Lovells CEO Miguel Zaldivar, who will be the CEO of Hogan Lovells Cadwalader, said in the announcement.
Other leaders of the combined firm include Cadwalader co-managing partner Patrick Quinn, who will become global managing partner for client and practice integration; and Cadwalader co-managing partner Wesley Misson, who will be the global managing partner for the finance practice.
“Clients have told us they want integrated teams that collaborate across practices and offices and provide comprehensive, business critical advice,” Misson said in the announcement. “This is particularly true for those executing complex financing and transactional work along the New York-London corridor—a major opportunity for Hogan Lovells Cadwalader.”
According to Law.com, which has additional coverage, Hogan Lovells Cadwalader would have ranked as the sixth-largest firm by revenue in the current Am Law 100 rankings.
Bloomberg Law also has coverage.
In other firm merger news, partners at Ashurst and Perkins Coie announced Monday that their partners approved the creation of Ashurst Perkins Coie, a trans-Atlantic firm with around 3,000 lawyers in more than 50 offices.
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