Lovells, Hogan Managers Approve Law Firm Merger Plan
Lawyer News
Officials at the Washington-based Hogan & Hartson law firm and London-based Lovells said Thursday that they are discussing a possible merger, a move that would make the combined entity one of the largest law firms in the world, with 2,500 lawyers and 40 offices.
Both firms specialize in similar practice areas -- mergers and acquisitions, initial public offerings, litigation and other corporate transactions. A merger, officials said, would allow them to increase market share and become a global powerhouse in three of the most important financial markets in the world: the United States, Europe and Asia.
"In order to play at the top tier of the legal profession, you need breadth and depth in all three of these geographic markets, and you need to be at the top of the markets," said Peter Zeughauser, chairman of the Zeughauser Group, which is advising Lovells on the proposed merger. The new firm would "draw more clients and more top talent to service that work," he said.
The management teams at Hogan & Hartson and Lovells are expected to make a unanimous recommendation to the partners of the firms, who have the final say on the proposal, officials said. Documents detailing the merger will be sent to partners next week, officials said. If they approve the proposal in December, as is expected, the merger would go into effect in May.
Related listings
-
Law firm drops Adorno's name after suspension .
Lawyer News 11/02/2010Hank Adorno's law firm has dropped his name from the letterhead. Adorno & Yoss, which Adorno founded in 1986 with two other lawyers, announced Monday it was officially changing its name to Yoss LLP following Adorno's suspension by the Florida Sup...
-
Law Firms Orrick and Akin Gump End Merger Talks
Lawyer News 11/02/2010The big law firm Orrick, Herrington & Sutcliffe has seen its share of merger discussions fizzle out in recent years. Add its talks with Akin Gump Strauss Hauer & Feld to the list. Less than a week after confirming that they were in preliminar...
-
Jones Day law firm expanding into Brazil
Lawyer News 11/02/2010The Jones Day law firm said today it will open an office in Brazil, one of the world's fastest-growing economies. The office will be Jones Day's 33rd and its second in Latin America after Mexico City. The Sao Paulo office will support global clients ...
Grounds for Divorce in Ohio - Sylkatis Law, LLC
A divorce in Ohio is filed when there is typically “fault” by one of the parties and party not at “fault” seeks to end the marriage. A court in Ohio may grant a divorce for the following reasons:
• Willful absence of the adverse party for one year
• Adultery
• Extreme cruelty
• Fraudulent contract
• Any gross neglect of duty
• Habitual drunkenness
• Imprisonment in a correctional institution at the time of filing the complaint
• Procurement of a divorce outside this state by the other party
Additionally, there are two “no-fault” basis for which a court may grant a divorce:
• When the parties have, without interruption for one year, lived separate and apart without cohabitation
• Incompatibility, unless denied by either party
However, whether or not the the court grants the divorce for “fault” or not, in Ohio the party not at “fault” will not get a bigger slice of the marital property.