Hogan Lovells' Washington, D.C., offices. Photo: Diego M. Radzinschi/ALM Hogan Lovells, With Right Practice Mix and a Change in Partner Pay, Sees Profit Hike
A new compensation floor for many partners, along with streamlined business procedures and some cost cuts, led to a 30.8% rise in profits per equity partner.
February 19, 2021 at 12:01 AM
6 minute read
The original version of this story was published on The American Lawyer
Hogan Lovells' diversified practice mix and geographic balance led to a 2.8% increase in gross revenue to $2.31 billion, while a change in the firm's partner pay system helped its profits surge.
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