Hogan Lovells reports strong, steady growth driven by key, strategic investments across its practices, sectors, and regions — achieving nearly US$3 billion in global revenue

Regions (percentage of revenue in total billings)

• Americas – approximately 49%, contributing US$1.47 billion in the Americas. Billings in the U.S. were up by approximately 14% from the previous year.  
• EMEA – approximately 46%
• Asia-Pacific – approximately 5%

Global practice groups (percentage of revenue in total billings)

• Corporate & Finance – 41% (approx.)
• Global Regulatory & Intellectual Property (IP) – 30% (approx.)
• Disputes – 29% (approx.)

According to CEO Miguel Zaldivar:

"Our continued strong financial performance is a testament to the success of our strategy and clients’ confidence in our ability to help them navigate their most complex issues—particularly in highly regulated sectors in the G20 economies—while preserving our ‘Balance, Balance, Balance’ strategic approach. This consists of our multiple practice area offerings, which are global in reach and span across 15 sectors.”

“We are proud to have achieved steady growth year on year, with a nearly 9% increase in 2024, following 23% growth in 2023, leading us to achieve gross revenue of approximately US$3 billion. The strength of our global, fully integrated and balanced platform, which serves as a stabilizing force in both favorable and challenging market conditions, is demonstrated not only by solid compounded bi-annual revenue growth, but also by the expansion of our institutional client base and the market’s recognition of the high quality work we perform across our markets.”

“Growth in client demand, as well as the investments we have made in the firm, including in top-tier talent, our sector strategy and AI, continue to position us for further strategic growth in 2025 and beyond."

Deep investments in top-tier talent, sector leadership, and AI

The firm strengthened its talent by promoting nearly 60 lawyers to partner in the past two years – 28 in each of 2024 and 2025.

Hogan Lovells attracted top talent across key markets, including adding over 55 Corporate & Finance lawyers in Italy, five high-profile partners in Singapore (focused on private equity, M&A, disputes, and tech regulation), and two antitrust litigation partners in London, among other strategic hires. Further contributing to last year’s success was lateral growth in 2023, including the addition of 25 partners in New York.

Our sector-driven approach continues to distinguish the firm as a leader in life sciences and health care, financial institutions, technology, sports, media and entertainment,  telecoms, energy, automotive and mobility, and other sectors. In 2024, we strengthened our focus on energy evolution and digital transformation—key trends that are shaping markets and serving as connectors across our 15 sectors. 

We have been recognized for our leadership in the field of AI, both for our client offerings and across our legal services delivery, including the success of our legal tech company ELTEMATE, and the AI platforms it has created.

Key drivers of FY2024 success included:

• Balanced growth across the firm’s practices
• Revenue per Lawyer: approximately US$1.1m per lawyer globally and in excess of US$1.5 million in the U.S.
• Strong balance sheet and careful management of expenses
• Talent promotion and retention
• Record level pro bono work across the globe

We represented clients in major matters in 2024 that span the firm’s global practices and sectors:

Corporate & Finance

• The Republic of Ghana in closing its precedent setting restructuring of its approximately US$13 billion outstanding Eurobond debt, a critical component of Ghana’s debt restructuring process under its program with the International Monetary Fund.
• Walmart on its US$2.3bn acquisition of VIZIO.
• Fenway Sports Group and a consortium of American sports investors – the Strategic Sports Group – in a groundbreaking investment of up to US$3 billion and strategic collaboration with PGA TOUR Enterprises.
• Enpal B.V. on the first ever European public securitization of solar loan receivables and the first German securitization backed by a European Investment Fund guarantee.
• China Baowu Steel Group, the world’s largest steelmaker, on the closing of its multi-billion investments in the Simandou iron ore project in the Republic of Guinea, which stands as the largest mining and infrastructure project in Africa and in the world with a total required investment of reportedly US$15 -20 billion.
• CVC – as it joined KKR in the acquisition of Superstruct Entertainment, one of the world’s premier live entertainment groups.
• The Crown Estate on the award of a landmark agreement with Eni for the development of a carbon capture and storage project.

Global Regulatory & IP

• Vodafone Group and Vodafone UK in a significant court victory in the long-running Phones4U competition law litigation
• The London Metal Exchange (LME) in a resounding Court of Appeal victory, confirming that its actions during the volatile nickel market conditions of March 2022 were entirely lawful, justified, and proportionate.
• Gucci in a printing process suit filed by Agfa, in one of the most influential cases before the Unified Patent Court.
• The LEGO Group on their landmark win against large-scale counterfeiting in China, resulting with an US$84.5 million fine against Longteng Company as well as prison sentences and substantial personal fines for five executives.
• Helion Energy on proposing a new game-changing fusion licensing framework to enable the mass deployment of fusion facilities, as the regulatory authority was required by Congress to evaluate under the ADVANCE Act, passed in July 2024.
• SES S.A. on a complex range of national security-related issues, regulatory approvals, and government relations aspects to its pending US$3.1 billion acquisition of Intelsat S.A., a deal set to create a stronger multi-orbit operator better able to compete in a fast-moving satellite communications landscape and respond to the evolution of competing communications technologies.

Disputes

• B. Braun Manufacturing Inc., a leading medical technology company, obtaining a complete defense verdict in the first trial in Philadelphia involving allegations that the use of ethylene oxide caused cancer.
• Danco Laboratories in a unanimous U.S. Supreme Court victory, allowing Mifeprex® (mifepristone), a drug for the termination of early pregnancy, to remain on the market, in one of the most widely watched cases in the U.S.
• Viatris (formerly Mylan) in a matter where the U.S. District Court for the District of Minnesota denied class certification, citing issues with numerosity, adequacy, and predominance, marking one of the rare denials in direct purchaser pharmaceutical class actions.
• The Republic of India in the successful defence of a claim under the India-Mauritius Bilateral Investment Treaty by a claimant who had allegedly invested in a license for the handling of ground services at seven Indian airports.
• Seatrium Limited on a landmark cross-border investigation arising out of the Operation Car Wash probe in Brazil, and in ongoing negotiations for settlement agreements with Brazilian and Singaporean regulatory authorities, to resolve potential liability.
• YES BANK Limited in the Court of Appeal against a claim by financial services firm Cantor Fitzgerald for a financing fee allegedly owed by the bank, further to securing first instance judgment in YES BANK's favour in 2023.

Energy Transition

• BMW, General Motors, Honda, Hyundai, Kia, Mercedes Benz, Stellantis, and Toyota on their joint venture to develop and operate a high-powered electric vehicle charging network across North America.
• International banks and The Export and Investment Fund of Denmark (EIFO) – acting on behalf of the Danish government – on a EUR370m financing of II stage Tyligulska wind power plant in Ukraine. Once completed, it will significantly contribute to Ukraine's renewable energy capacity and energy independence.
• Hometree on a landmark £250 million asset-backed facility from Barclays for the UK’s first residential renewable securitisation. The asset-backed debt facility will finance loans and leases for solar panels, batteries, heat pump installations and the replacement of conventional boilers with more energy efficient conventional boilers across the UK.
• The founders of SUNfarming on the sale of shares to Cube Green Energy, the renewables platform of I Squared Capital, a leading independent global infrastructure investment manager, a transaction which represents the largest investment by a U.S. investor in the Agri-PV sector to date and one of the largest investments in the German renewable energy market.
• X energy in developments to deploy a first-of-a-kind nuclear reactor at a Dow Chemical plant to provide clean power and process heat, using a more than US$1 billion U.S. government 50/50 cost share award — a huge step toward industrial decarbonization and demonstration of next generation nuclear technologies.

Digital Transformation

• Salesforce on two business-critical deals, including its pending all-cash US$1.9 billion acquisition of Own Company and in its pending acquisition of Zoomin Software, in addition to advising on strategic product innovation.
• Supponor, a tech provider that uses AI to virtually enhance ads during live sports broadcasts, in a complex competitor case that attracted significant market attention surrounding the Unified Patent Court, as one of its first cases.
• PV01 Capital Markets Ltd. on the issuance of a native digital bond under English law on the Ethereum blockchain, backed by U.S. Treasury Bills and structured without a central securities depository, marking a key development in the convergence of traditional finance and blockchain technology.
• The Securities Commission of The Bahamas on the development and drafting of the DARE Act 2024, enhancing the country’s digital asset regulatory framework with strengthened investor protections, risk management provisions, and a dedicated regime for staking services and stablecoins.
• eMPF Platform Company on commercial and regulatory advice for the eMPF Platform, a digital solution for managing MPF accounts set to be the largest tech transformation project in Hong Kong.
• Advance Publications, a leading global media and technology company, on AI and machine learning issues, as well as e-commerce and online services matters.

Our Society

• The Refugee Paralympic team with pro bono legal advice for the 2024 Paris Paralympic Games. This collaboration underscores the firm’s commitment to fostering inclusivity and supporting the incredible resilience of refugee athletes.
• Pacific Links Foundation, which represents families of the 39 Vietnamese people who died in a lorry after being smuggled to the UK via Belgium in 2019.
• Afghan refugees on gaining asylum in the U.S., UK, and Europe, and reuniting with their families, as well as advising those seeking reunification with family members remaining in Afghanistan.
• The Muhammad Ali Center and Farah Pandith, Muhammad Ali Global Peace Laureate, on the development of the groundbreaking 2025 Compassion Report, measuring compassion across 12 U.S. cities and offering actionable insights to combat polarization, foster understanding, and inspire meaningful change, while drawing upon the legacy of the late Muhammad Ali.
• 49 innovative social entrepreneurs across the UK, Germany, Spain, and France through the HL BaSE Catalyst program, which engaged 161 volunteers from Hogan Lovells and our commercial clients in 2024. In London, the program supported ventures within an accelerator that connects land and ocean farmers, aiming to build a community dedicated to accelerating the agriculture sector’s transition to a more nature-positive and sustainable future.