18 Dec 2025

Cadwalader and Hogan Lovells to combine in $3.6 billion merger creating Hogan Lovells Cadwalader

"Davis Polk is advising Cadwalader, Wickersham & Taft on its proposed combination with Hogan Lovells to form Hogan Lovells Cadwalader. The deal, subject to customary closing conditions including partner votes in 2026, will create the world’s fifth-largest law firm by revenue, with combined 2024 revenue in excess of $3.6 billion and some 3,100 lawyers globally."

Davis Polk represented Cadwalader, Wickersham & Taft, advising the firm on its proposed combination with Hogan Lovells to form a new entity to be known as Hogan Lovells Cadwalader. The proposed transaction will combine Cadwalader and Hogan Lovells into what is described as the largest law firm combination in history. The combined firm is expected to generate annual revenue in excess of $3.6 billion based on 2024 performance and to rank as the world’s fifth-largest firm by revenue. The transaction is subject to customary closing conditions, including votes by the partners of each firm to be held in 2026. The combined firm will have approximately 3,100 lawyers across the Americas, EMEA and APAC and aims for a balanced revenue profile across premier legal markets on both sides of the Atlantic. Hogan Lovells Cadwalader is positioned to provide broad capabilities across finance, corporate, regulatory, intellectual property and disputes, serving leading financial institutions, multinational corporations, private capital funds and sovereign entities on high-value strategic matters. Davis Polk represented Cadwalader, Wickersham & Taft, with a team composed by: Neil Barr (chair and managing partner, corporate team lead); Lee Hochbaum (partner, corporate); Jennifer S. Conway (partner, executive compensation); Michael Mollerus (partner, tax); Howard Shelanski (partner, antitrust); and Michael S. Flynn (partner, advising on certain matters). Members of the Davis Polk team were based in the firm’s New York and Washington, D.C. offices.
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