Two top leaders of Hogan Lovells — its CEO and Deputy CEO — received a vote of confidence from the firm’s partnership, extending their terms by another two years.
CEO Steve Immelt and Deputy CEO David Hudd will continue to serve in their respective roles through June 30, 2020, the firm said.
Immelt and Hudd took up their post on July 1, 2014. Their initial appointment called for both Immelt and Hudd to serve a four-year term until 2018, but in a re-assessment of the market, the firm’s partners voted to approve their tenure until 2020, according to a firm spokesman.
The decision to extend their terms was first recommended by the firm’s 12-member board to the firm’s partnership, which voted to approve the extra two years in late August.
Nicholas Cheffings, chair of Hogan Lovells, said that the firm’s leaders have integrated the firm’s practices since its 2010 formation, when London-based Lovells merged with Hogan & Hartson of Washington.
“We have integrated pretty much everything on Hogan Lovells on a global basis,” said Cheffings.
Now, the firm will continue to look to expand in core practices, including mergers and acquisitions, as evidenced by the hire of a team from Weil Gotshal & Manges in March.
“There’s opportunity to strengthen our bench with relation to high quality M&A work around the world and strengthen our finance practice,” said Cheffings.
The firm also just completed a merger with 28-lawyer Boston litiation boutique Collora.
Steve Immelt, CEO, said in a statement that he sees clients turning to Hogan Lovells when faced with “complex cross-border disputes, transactions, or commercial matters such as IP in highly-regulated sectors.”
After overseeing integration of its 2010 merger, Immelt said: “Over the next three years my goal is to ensure that we are fit for the future and the best we can be as a modern, client-centric, world-class firm which demonstrates leadership and innovation in a challenging and competitive market.”