Hogan Lovells sacrifices profits for turnover growth

Net profits at Hogan Lovells have fallen 2.8 per cent to £200m while partners have managed to push up gross income by 3.9 per cent to £604m - as shown in newly-published accounts for the 2013/14 financial year.

03 February 2015

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The accounts show the year to 30 April 2004 and cover all the firm's activities except for the Americas. The number of fee earners has slightly increased - by 40 to a total of 1,567. The accounts also show that the chief financial officer Richard Olver resigned on 31 December 2014. A spokesperson said: 'Our results reflect genuine growth and demonstrate the strength of the firm's breadth of practice and sector expertise, particularly in financial services, energy and life sciences/pharmaceuticals.' Source: Legal Business