Hogan Lovells insists that closing its Sydney, Johannesburg, and Warsaw offices is not economically driven, but a strategic move to focus on key global markets.
CEO Miguel Zaldivar emphasized that the firm is aligning with market demand for high-end services, observing a continuing growth in revenue despite the office closures.
In the wake of the closures, approximately 65 employees, including 11 partners, will be laid off, though the firm remains optimistic about its 2024 financial outlook.
Zaldivar reassured that the firm is committed to servicing G20 economies, believing these changes are essential for transformational growth and success.
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