HSF Kramer posts $2.4bn revenue in first year post-merger

HSF Kramer has posted revenue of $2.4 billion for its first fiscal year since completing its merger in June 2025, more than double the “synergy revenue” target set at the time of the combination.

The firm - the product of a combination between UK-Australian firm Herbert Smith Freehills and US outfit Kramer Levin - also recorded profit per equity partner of approximately $2.05 million, and profit of $850.8 million.

At the time of the merger, the new firm’s revenue stood at approximately $2 billion. Pre-merger, HSF’s PEP stood at £1.4 million, while Kramer Levin's was higher at $2.4 million (£1.8 million).

This year’s results cover the period of 1 May 2025 to 30 April 2026, including 12 months of legacy Herbert Smith Freehills and 11 months of legacy Kramer Levin.

The firm added 21 lateral partners across its global network this year, and agreed a lease on a new London headquarters to bring its entire City fleet under one roof at Broadgate Estate near Liverpool Street by 2030.

US focus

Looking forward, HSF said it would be honing in on the energy sector, private capital, class actions and restructuring and special situations, highlighting a focus on major energy hub Texas for the coming year.

The firm also said it plans to expand its Washington D.C. disputes bench and enhance its tech transactions platform in Silicon Valley.

What they said

“We were always confident that the transformational combination of Herbert Smith Freehills and Kramer Levin was a strong fit, but the success of the integration has exceeded those expectations,” said global CEO Justin D’Agostino.

“We surpassed our FY26 financial goals, achieving synergy revenues that were more than double the target set at the time of the combination. We are particularly proud to have achieved revenue growth across all regions, even during this time of economic volatility in many markets.”