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.