The partnerships of Hogan & Hartson and Lovells have begun voting on whether to approve a combination of the two firms, according to Legal Week. The voting kicked off last week.
Legal Week reports that Lovells needs approval from 75 percent of the partnership in order for the deal to move forward. Voting at Lovells closes on Tuesday, Dec. 15.
Hogan needs two-thirds of its partners to approve the merger for it to go through. The U.S. firm will vote on the merger on Monday, Dec. 14, when the firm has scheduled a meeting to hold an official vote. Hogan chairman J. Warren Gorrell Jr. declined to comment on the vote.
The merger of equals, which would be called Hogan Lovells, would have headquarters in both Washington and London. As previously reported, Hogan Lovells would maintain separate profit pools with a combined pool for bonuses. The combined firm would align compensation structures on both sides of the Atlantic.
See the full Legal Week story here.
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