Herbert Smith Freehills announced plans to merge US firm Kramer Levin, making it one of the top 20 law firms worldwide.
Both firms say that the strength and scale of Herbert Smith Freehills in the UK, Asia-Pacific, and EMEA plus Kramer Levin’s reputation in the US will create an outstanding offering for their clients.
Herbert Smith Freehills Kramer will be a combined company with more than 2,700 attorneys, including approximately 680 partners. The company will have 25 offices around the world and a total revenue of $2bn (PS1.6bn).
Rebecca Maslen Stannage, senior partner and chair of Herbert Smith Freehills said: “This transformational.” Kramer Levin fits perfectly with our long-term commitment to expand our US offering. “The combination will deliver immediate growth to both firms.”
Justin D’Agostino said that this was a long-term strategic move. It is based on the strong cultures of collaboration and excellent clients and employees of Herbert Smith Freehills.
Howard T Spilko said, “Joining Herbert Smith Freehills was a unique opportunity that helped us achieve our vision, and potential for growth.” This combination gives us a competitive edge by strengthening our destination practices, with a broader geographical reach, sector expertise and a deeper bench. It also provides the opportunity to work together to achieve great results for clients worldwide.
The combined firm will be called HSF Kramer and will have offices in the US in sectors such as financial services, energy, infrastructure, mining, technology, and more.
The proposed merger will be subject to the usual closing conditions. This includes a vote of the partners from each firm.
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