Herbert Smith Freehills and Kramer Levin are merging to create one of the top-20 global law firms, with over 2,700 lawyers across 25 offices. This move reflects a trend of consolidation in the legal sector, with firms like Allen & Overy and Shearman & Sterling also merging. The merger is seen as “transformational” and will provide both firms with immediate growth and a competitive advantage.
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