Our Values: Diversity,
Equity, & Inclusion

Hogan Lovells intends to make a meaningful, positive impact on everyone at our firm by fostering an inclusive culture that celebrates and values difference and empowers our people to thrive as their authentic selves.

As a strategic priority, we take a holistic approach to meeting our DEI goals and objectives by leveraging the strengths of our people. Whether it is training and team building, sponsorship, mentorship, accountability through leadership or working with our clients, our core mission is to cultivate an inclusive workplace, to create more collaborative relationships, and to further enhance our supportive and ambitious culture.

We are proud of the work we’ve done throughout 2023 and our ability to put words into actions focused on our commitment to DEI.

See our Global DEI Year End Report for more.

Allverse Conference

In 2023, we were proud to host our third Allverse DEI conference, which brought together underrepresented lawyers, firm leadership, and clients to discuss DEI issues at the forefront of the legal profession. The 2023 theme was “Uniting changemakers for collective action,” which focused on empowering individuals to become forces for change in their communities.

Interactional Bias Education Sessions

In 2023, we launched DEI training sessions across our 45+ offices globally to educate our partners, counsel, associates, and business professionals on interactional bias, which encompasses microaggressions and common unintentional remarks or behaviors stemming from stereotypes or assumptions.

International Summit for Development and Human Rights

Our Mexico offices co-hosted the first International Summit for Development and Human Rights with the Secretariat of Equality and Inclusion of Nuevo León. The summit featured over 45 panelists, including Nobel Peace Prize laureate Malala Yousafzai, who discussed DEI, and the rights of women and indigenous, disabled, and LGBTQ+ communities.

Mansfield Rule

For the fifth consecutive year, we achieved Mansfield Certification Plus in the United States in recognition of our efforts to increase representation of underrepresented lawyers in law firm leadership. 2023 also marked our second year of Mansfield Certification Plus recognition in the United Kingdom, where we participated in the 2022 inaugural program pilot.

Diversity, Equity, & Inclusion Member

Bloomberg Law | 2023

Disability Inclusion Commitments

Diversity Lab | 2023

Equality 100

Human Rights Campaign | 2023 – 2024

#1 Social Impact Leader

Law360 | 2023

Top Performer

Leadership Council on Legal Diversity | 2023

Gold Standard Certification:
% Women Equity Partners

WILEF | 2023

Our four pillars

Technical Excellence

Technical excellence

Executing transactions effectively

Industry Knowledge

Industry knowledge

Understanding issues in regulated industries

Global Reach

Global reach

Worldwide reach,
local knowledge

Full-Service capabilities

Full-service capabilities

Subject matter knowledge

M&A Year in Review

Expander

Dear Clients and Friends,

Welcome to the 10th edition of our Hogan Lovells M&A Year in Review! We created our M&A Year in Review to express our gratitude to you – our clients and friends – for the opportunity to work together and for the successes that we have shared. We hope you enjoy our review of dealmaking during 2023 and our projections for M&A during 2024.

Global M&A activity in 2023 slowed to a 10-year low. Aggregate deal volume decreased by 6%, to a three-year low, and aggregate deal value declined by 17%, marking the first time global deal value failed to reach US$3 trillion since 2013. 

A combination of factors led to this decline in dealmaking, including persistent inflation, heightened cost of capital, increased regulatory scrutiny, fears of recession, and conflicts in Europe and the Middle East.

During 2023, sponsor-related M&A experienced a significant downturn in both volume and value, with deal value falling 40% and deal volume down 26%. For strategic M&A, deal value declined by 3% from 2022, and the number of strategic deals declined 13% during the same period.

Sector activity varied widely during 2023. M&A in the energy and power sector propelled the conversion from traditional to clean energy, with transaction value exceeding more than US$500 billion and accounting for 17% of overall M&A value. The technology sector experienced a 47% decline in M&A value compared to 2022, as companies and investors pursued smaller transactions driven by technology imperatives. Life sciences and health care M&A remained vibrant in 2023, with deal value increasing by 23% compared to 2022 – a trend driven by high-value transactions in the biotech and pharmaceutical sectors.

Our M&A Group is grateful to have worked with you over the course of 2023. Your transactions propelled Hogan Lovells to more than 30 M&A league table rankings worldwide, including for Global M&A and across Europe, France, Germany, Italy, the Nordics, the United States, Latin America, Asia, Australia, and India.

For the year ahead, we forecast measured optimism for meaningful increases in deal value and deal volume, as set forth within our 2024 M&A Outlook.

We appreciate the trust that you continue to place in us, and we look forward to supporting you on your M&A transactions in the year ahead.

Best wishes for continuing success in 2024,

The Hogan Lovells M&A Group