Hogan Lovells to Cut 43 Business Services Roles in Americas
The cuts amount to 4% of the firm's staff positions in the U.S. and Mexico.
October 23, 2020 at 03:53 PM
3 minute read
Hogan Lovells is shedding 43 staff roles in the United States and Mexico as part of a business services restructuring.
The cuts, announced Friday, amount to 4% of the firms business services workforce in the Americas. The firm's restructuring will also include a voluntary redundancy program for business services and secretarial staff in the U.K.
"We have performed well over the past few months and ahead of where we were this time last year in terms of revenues and we have also done well in ensuring that our discretionary costs have been kept to a minimum," CEO Miguel Zaldivar said in a statement. "However, we see continuing uncertainties in the market for 2021 and need to be well-positioned to weather what could be a more challenging period."
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