Editor's comment: Fortune favours the brave
Assessing the prospects for this year's impending launch of Hogan Lovells remains, despite the extensive coverage it has already received, no easy task. Twenty years since leading US and UK firms began thinking seriously about international expansion there remain few precedents for a merger of equals in the upper reaches of the global legal market. Transatlantic unions have proved even more elusive; some would argue that the governance structure of DLA Piper and the disparity in size between Clifford Chance and Rogers & Wells means there has never been a true merger in this class.
Hogan Lovells must keep the ambition burning
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