When Herbert Smith Freehills and Kramer Levin announced they were joining forces last year, the firms promised the combination would create a transatlantic powerhouse capable of competing with the biggest names in Biglaw. Now, we’ve got our first look at whether that bet is paying off.
As noted by Reuters, HSF Kramer reported $2.407 billion in revenue for the financial year ending April 30, marking its first annual financial results since the merger officially launched in June 2025.
The firm says the integration has gone even better than expected. Global CEO Justin D’Agostino said HSF Kramer exceeded its financial targets in its first year, with revenues coming in “more than double the target set at the time of the combination.”
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Those numbers matter beyond one firm’s balance sheet. As we’ve previously covered, HSF Kramer was an early participant in a wave of transatlantic law firm combinations. Since then, we’ve seen Winston & Strawn combine with Taylor Wessing, Ashurst merge with Perkins Coie, and Hogan Lovells complete its blockbuster tie-up with Cadwalader. Firms on both sides of the Atlantic are clearly betting that bigger is better when it comes to serving multinational clients and expanding in the lucrative U.S. legal market.
HSF Kramer now says its focus is on continuing to grow in areas including energy, private capital, restructuring, and class action defense. If the firm’s first-year financials are any indication, the merger honeymoon appears to be lasting a little longer than most. Congratulations!
Law firm HSF Kramer reports $2.4 billion revenues in first post-merger year [Reuters]
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Staci Zaretsky is the managing editor of Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Bluesky, X/Twitter, and Threads, or connect with her on LinkedIn.