Hogan Lovells has increased its debt facilities and arranged measures with several office landlords to weather the COVID-19 storm, new CEO Miguel Zaldivar said.
In tackling the impact of the coronavirus pandemic, Zaldivar said the firm had to negotiate with landlords across some of its global offices on rent payments, as well as increase its credit facility “so that we had enough cash to meet obligations.” The firm has not had to use the extra credit to date.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
