Herbert Smith Freehills and Kramer Levin Merge, Creating $2bn Global Law Firm
Deal News | Apr 04, 2025 | EIN
Herbert Smith Freehills, a renowned international law firm, and Kramer Levin, a leading law firm based in New York City, have jointly announced a merger that will result in the creation of a global legal powerhouse with turnover projected to reach US$2 billion. The merger, which has been overwhelmingly approved by the partnerships of both firms, signifies a strategic move to expand their global reach and capabilities. The newly formed entity will be a fully integrated firm, aiming to deliver top-tier legal services to a broader client base across the world. This move is set to enhance the firms' market presence significantly, enabling them to offer comprehensive legal solutions by combining their extensive expertise and resources.
Sectors
- Legal Services
- Corporate M&A
Geography
- Global – The merger creates a global law firm, indicating the presence and impact of the newly formed entity across multiple jurisdictions around the world.
- United States – Kramer Levin is based in New York City, highlighting its significant role in the US legal market, which is a key component of the merger.
- United Kingdom – Herbert Smith Freehills is known for its strong presence in the UK, contributing to the merger's significance in the European legal market.
Industry
- Legal Services – The merger between Herbert Smith Freehills and Kramer Levin falls under the Legal Services industry, as both firms are prominent players in providing legal expertise and services.
- Corporate M&A – The merger is a strategic corporate action falling under the Corporate M&A sector, highlighting a significant consolidation in the legal services market to enhance global operations and service offerings.
Financials
- US$2 billion – Projected turnover of the newly formed global law firm following the merger between Herbert Smith Freehills and Kramer Levin.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Herbert Smith Freehills | Merging Company | Company | A major international law firm known for delivering high-quality legal services across various sectors globally. |
| Kramer Levin | Merging Company | Company | A leading New York City-headquartered law firm with more than 300 lawyers, known for its substantial contribution to the legal field in the US. |