Hogan Lovells is set to combine with Boston-based litigation and investigations firm Collora to strengthen the firm’s life sciences offering in the US.
The merger will go live on 1 September when Collora’s 13-strong partnership will join Hogan Lovells, alongside lawyers and business services members.
As well as specialising in life sciences and healthcare, Collora also has a strong focus on financial services and technology. The focus of the new office will be on litigation and investigations within these areas.
Hogan Lovells CEO Steve Immelt said: “The Boston region is a key strategic market in the United States. Although we have worked closely with clients in the area for years, it more recently became clear to us that there was a need for an office that had strong roots in the community.
“Collora is a firm that shares our values, our culture and our approach. We have worked with them for many clients over the years. It has highly regarded practices in litigation and investigations, with a particular focus in life sciences, which fits very well with our own practices. We also intend to focus on the financial services, technology industries and education sectors, where we already have strong practices in other markets. We are delighted to welcome the Collora team and look forward to working with them for the benefit of our clients.”
The two firms have over 500 lawyers practising in the life sciences and healthcare industry, and Hogan Lovells hope to add regulatory, corporate transactions and intellectual property to its areas of expertise.
Collora managing partner Bill Lovett, who will be Hogan Lovells’ Boston office managing partner, added: “Hogan Lovells has a strong global reputation and offers us depth and reach that brings a new and exciting dimension to what we are able to offer our clients.
“We looked very hard at making sure that the business and cultural fit would be right for us – for nearly thirty years our firm has been committed to serving our clients and contributing to our community. Based on many years of working together for some of the same clients, we know Hogan Lovells brings those qualities to the table across the entire firm. No other Boston firm has Hogan Lovells’ global reach. We look forward to making these skills available to our clients and to new Boston-area clients as well.”
In February, Hogan Lovells reported revenue growth of 6 per cent over 2016, with average profit per equity partner (PEP) remaining flat. The firm’s turnover increased from $1.8bn to $1.9bn globally, equivalent to nearly 6 per cent growth.
Source: Legal Cheek, June 15th 2017
