LOUISVILLE, Ky. — Hogan Lovells, a leading international law firm, has selected Louisville as home for its second global business services center, with an $8.9 million investment projected to create 250 high-quality jobs, Mayor Greg Fischer and Gov. Matt Bevin announced today.
“As an international law firm, Hogan Lovells’ investment further enhances Louisville’s presence in the global economy,” Fischer said. “Hogan Lovells selected Louisville because of our diverse and high-quality workforce, and we look forward to partnering with them to fill the 250 new jobs they are bringing to our city.”
The other Hogan Lovells global business services center is located in Johannesburg, South Africa. The Louisville location, which hasn’t yet been finalized, is expected to open this summer and will allow the firm to better provide support to its clients in the U.S.
“As one of the world’s most influential law firms, Hogan Lovells’ decision to locate a business services office in Kentucky represents a significant compliment to the quality of our workforce and the desirability of our location,” said Bevin. “The 250 high-paying jobs associated with this announcement represent a great benefit to the Louisville area, and we at the state anticipate Hogan Lovells will fit well with the business community.”
Hogan Lovells formed in May 2010 with the merger of Hogan & Hartson, a U.S.-based firm, and Lovells, a European firm. Since the merger, it has been listed among the top 10 international legal practices in the world, providing business-oriented legal advice and high-quality service to clients around the globe. The firm includes Hogan Lovells US LLP and Hogan Lovells International LLP.
Hogan Lovells operates from 49 offices in 25 countries, employing more than 2,500 lawyers and 5,000 people in total.
Alice Valder Curran, Hogan Lovells’ Washington D.C. regional managing partner, said the firm concluded that many of its business services need to remain close to its lawyers while others can be readily performed remotely with no impact to quality.
“The key is to find a location with quality and readily available personnel in a time zone that can support our Americas offices,” she said.
To encourage the investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) preliminarily approved the company for tax incentives up to $4 million through the Kentucky Business Investment program. The performance-based incentive allows a company to keep a portion of its investment over the agreement term through corporate income tax credits and wage assessments by meeting job and investment targets.
In addition, Hogan Lovells is eligible to receive resources from the Kentucky Skills Network. Through the Kentucky Skills Network, companies are eligible to receive no-cost recruitment and job placement services, reduced-cost customized training and job training incentives. Last year, the Kentucky Skills Network trained more than 84,000 employees from more than 5,600 Kentucky companies.