HSF Kramer has reported $2.407 billion in revenue for the financial year ending April 30, marking its first full set of annual results since combining operations in June 2025.
The merged firm was formed when Herbert Smith Freehills and Kramer Levin joined forces, promising to create a transatlantic powerhouse capable of competing at the very top of the Biglaw market.
The results suggest that ambition is being realised, with the firm stating that the integration has gone even better than expected in its opening year of combined trading.
Global CEO Justin D’Agostino confirmed the firm exceeded its financial targets, with revenues coming in “more than double the target set at the time of the combination.”
That figure will turn heads across the legal industry, where merger scepticism often runs high and integration challenges routinely erode the initial optimism surrounding major firm combinations.
The strong performance gives HSF Kramer significant momentum as it looks to cement its position among the leading names in global legal services.
The firm has identified energy, private capital, restructuring, and class action defense as priority growth areas as it moves into its second year of combined operations.
Those practice areas reflect broader market demand, with energy transition work and private capital activity continuing to generate substantial mandates for large international law firms.
For other merger-minded Biglaw firms watching from the sidelines, the HSF Kramer first-year financials provide a rare and encouraging data point in favour of bold consolidation moves.
Large-scale law firm mergers have historically been viewed with caution, given the cultural and operational complexities involved in blending two major international partnerships.
HSF Kramer’s ability to not only meet but dramatically surpass its own targets in year one suggests the transatlantic model, done at scale and with clear strategic intent, can deliver rapid and measurable results.
The firm’s leadership will be hoping to sustain this trajectory as competition intensifies across the global legal market and client expectations continue to rise.