Lovells to bolster US arm with full service push
Lovells is overhauling its US strategy, with the top 10 City firm committing itself to going full service in the US. The firm is backing away from its previous policy of focusing on non-transactional areas such as litigation, insurance and restructuring, with the intention of moving towards a full-service offering in the region over time. The strategy shift would mean Lovells will need to build a corporate M&A team in the US - a move the firm has avoided in the past. Its two offices in New York and Chicago have, to date, focused on litigation, insurance/reinsurance and restructuring with tax and banking support.
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