International firm Herbert Smith Freehills Kramer has reported its ‘best-ever’ results across revenue and profit in its final set of full year financial results before its merger with US firm Kramer Levin.

In the year to 30 April 2025, the firm reported a 9.5% profit increase to £486.9 million while revenues rose 4% to £1.358bn. Profit per equity partner (PEP) rose to £1,428,000, an 8.6% rise on the previous financial year.

Justin D’Agostino, global  chief executivfe, said the firm was ‘proud to have achieved growth across all regions despite significant macroeconomic challenges in many of our markets’. He added: ‘This is our best-ever financial performance, and marks 12 consecutive years of revenue growth – a very fitting final set of results for Herbert Smith Freehills. HSF Kramer spans the major financial centres of the world with a balanced offering across transactions and disputes, with specialisms in many sectors.’

Read more

D’Agostino said the opening of the firm’s Luxembourg office and the addition of a 10-strong team in Germany were part of ‘strategic investments’ that has ‘significantly strengthened our position in Europe’.

‘A major highlight of the past year was the combination between Herbert Smith Freehills and Kramer Levin,’ he said. 'In previous years, we noted the importance of an expanded US presence – and we made it one of our highest strategic priorities. I am proud that we have turned that ambition into a reality'.