Hogan Lovells has reported a 10.8% increase in revenue for 2025, achieving a global turnover of approximately $3.285 billion. This marks the third consecutive year of record growth for the firm, which is poised to enter its anticipated merger with Cadwalader, Wickersham & Taft in a position of strength.
The firm’s performance was particularly robust in the Americas, which accounted for 50% of global revenues, while the Europe, Middle East, and Africa (EMEA) region contributed 46%, and the Asia-Pacific and Middle East regions represented 4%. In Spain, Hogan Lovells reported revenues of €60.1 million in 2025, reflecting growth of over 2% compared to the previous year. The Corporate & Finance practice led the firm’s performance in Spain, accounting for 45.87% of revenues, followed by Global Regulatory & IPMT with 33.46%, and Litigation, Arbitration & Employment with 20.67%.
Globally, the firm’s practice areas were similarly balanced, with Corporate & Finance representing approximately 42% of revenues, Global Regulatory & IPMT at 30%, and Dispute Resolution at 28%. This diversified practice mix has been a key factor in the firm’s sustained growth.
In December 2025, Hogan Lovells and Cadwalader announced their intention to merge, creating Hogan Lovells Cadwalader. The combined firm is projected to have annual revenues exceeding $3.6 billion and a team of 3,100 attorneys across the Americas, EMEA, and APAC regions. This merger is set to create the world’s fifth-largest law firm by revenue, with a strong presence in major financial markets, particularly along the New York–London corridor.
CEO Miguel A. Zaldivar, Jr. commented on the merger, stating, “Clients are increasingly looking for law firms with deep sector expertise and broad global reach to advise on their most complex mandates around the world. Cadwalader, a premier Wall Street institution, brings top-of-the-market finance capabilities, which combined with Hogan Lovells’ powerful global platform, expands our abilities to comprehensively advise clients at a time when cross-border investment is increasingly driving growth in key sectors—including finance, energy, technology, life sciences, and others.”
The merger is subject to customary closing conditions, including a vote by the partners of each firm, scheduled for 2026. If approved, the combined firm will offer enhanced capabilities in finance, corporate, regulatory, intellectual property, and disputes, positioning it to serve leading financial institutions, multinational corporations, private capital funds, and sovereign entities on their most strategic challenges.
Hogan Lovells’ consistent growth and strategic expansion underscore its commitment to providing comprehensive legal services across a broad range of sectors and regions, reinforcing its position as a leading global law firm.