Latest news with #KramerLevin
Business Wire
2 days ago
- Business
- Business Wire
Top Restructuring Lawyers Kyle Ortiz and Brian Shaughnessy Join Herbert Smith Freehills Kramer in New York
NEW YORK--(BUSINESS WIRE)-- Herbert Smith Freehills Kramer announced today that leading restructuring attorneys Kyle J. Ortiz and Brian F. Shaughnessy have joined the firm as partners in its Bankruptcy and Restructuring Group. Ortiz and Shaughnessy advise debtors, creditors, and other parties in interest in complex restructurings both in and out of court. On June 1, 2025, Kramer Levin officially combined with Herbert Smith Freehills to become Herbert Smith Freehills Kramer, known as HSF Kramer. Ortiz has represented debtors and creditors in some of the largest and most complex chapter 11 cases of the past fifteen years including Eletson Holdings, LATAM Airlines, Greensill Capital, Pacific Drilling, Westinghouse, SunEdison, American Airlines, and Lehman Brothers. He has also represented investors and other creditors in complex restructuring matters, including cross-border restructurings. An experienced trial lawyer, Shaughnessy has nearly two decades of experience in complex business disputes involving bankruptcy, securities and contract issues, as well as regulatory and corporate governance matters, among others. 'We are delighted to welcome Brian and Kyle as the first new hires of HSF Kramer,' said Justin D'Agostino, Global CEO of Herbert Smith Freehills Kramer. 'Kyle is a widely-respected and dynamic adviser. Their addition enhances the pre-eminence and depth of our restructuring team and fits squarely into our strategic plan.' 'Kyle and Brian's deep experience in high-stakes restructurings and distressed situations will be instrumental in helping clients navigate an uncertain economic landscape,' said Amy Caton and Ken Eckstein, HSF Kramer's Heads of Bankruptcy and Restructuring, US. 'Their insight, creativity, and commercial acumen are a perfect fit for our solutions-driven group.' Paul Schoeman, executive partner of the U.S. region for Herbert Smith Freehills Kramer, said: 'I'm thrilled that Kyle and Brian are joining our premier bankruptcy and restructuring practice. Their arrival underscores the commitment that we at HSF Kramer have to building on our strengths and attracting top-level talent in key markets.' Ortiz added, 'I have consistently enjoyed working with and across from Kramer Levin's world-class restructuring team. I'm incredibly excited to join this team and to take advantage of the global reach and industry expertise that the HSF Kramer platform now has to offer.' Ortiz received his J.D. from The University of Chicago Law School and his B.A. from Northern Michigan University. Shaughnessy earned his J.D. from Georgetown University Law Center and his B.A., cum laude, from Harvard College. About Herbert Smith Freehills Kramer Herbert Smith Freehills Kramer (HSF Kramer) was formed in June 2025 through the transformational combination of Herbert Smith Freehills and Kramer Levin, creating a world-leading global law firm. With over 6,000 people including c.2,700 lawyers and spanning 26 offices, HSF Kramer provides comprehensive legal services across every major region of the world. Uniquely positioned to help clients achieve ambitious objectives, HSF Kramer delivers exceptional results in complex transactions and high-stakes disputes.
Reuters
4 days ago
- Business
- Reuters
Herbert Smith Freehills and Kramer Levin launch latest transatlantic merger
June 2 (Reuters) - Herbert Smith Freehills and Kramer Levin have finalized the latest major legal industry merger of recent years, combining to form a 2,700-lawyer firm with over $2 billion in revenue. The merger took effect on Sunday following a partnership vote in April, creating what they have described as a top 20 firm globally under the name Herbert Smith Freehills Kramer. The combination of New York-founded Kramer Levin and Herbert Smith Freehills, a larger firm with UK and Australian roots, continues a move toward consolidation in the industry as law firms seek scale to compete across major markets and practice areas. Justin D'Agostino, global CEO of the combined firm, said in an interview on Monday that HSF Kramer wants to expand its U.S. work in practice areas such as private equity and litigation, arbitration and white-collar crime. "We're coming in with a very clear investment plan, a very clear growth plan for the United States and internationally," said D'Agostino, a longtime Herbert Smith Freehills lawyer who splits time between London and Hong Kong. The firm is also eyeing a possible expansion into Texas to support its energy sector work, he said. In a similar transaction last year, London-founded Allen & Overy combined with New York's Shearman & Sterling to create A&O Shearman, with nearly 4,000 lawyers. New York firm Schulte, Roth & Zabel is currently in deal talks with larger Chicago-founded firm McDermott, Will & Emery. The firms said in early May that they are "actively finalizing" a merger that is expected to become official in the coming months. The consolidation is driven partly by the idea that greater size and profitability gives firms a competitive advantage in attracting and retaining lawyers from a limited talent pool, said law firm consultant Kent Zimmermann of Zeughauser Group. The departure of one or two key partners at a smaller and less profitable firm "can shake the confidence of the rest of the partnership more easily than when there's regrettable departures in firms with a much deeper bench of quality,' he said. Law firm merger activity stayed relatively steady for the first quarter of 2025, with 22 completed deals compared to 21 during that period in 2024, according to consultancy Fairfax Associates. Lisa Smith of Fairfax said there has been an uptick in cross-border mergers compared to a decade ago. There are 'more conversations and more serious conversations' about such deals, she said. Still, consultants said there remains only a small pool of UK-U.S. tie-ups that may ultimately make sense for some firms due to factors like gaps in profitability, cultural differences and client conflicts. There have been several transatlantic deals in recent years, some of which have been more successful than others, said Tony Williams of UK legal management consultancy Jomati Consultants. Other London-founded firms like Freshfields, Clifford Chance and Linklaters have instead grown significantly in the United States by hiring from competitors in major U.S. cities. Consultants said some of the firms that have grown through hires may be watching for the right opportunity. "There's been no secret that a range of UK firms would be interested in an appropriate merger with a U.S. firm," Williams said.
Associated Press
4 days ago
- Business
- Associated Press
Herbert Smith Freehills Kramer Officially Launches
NEW YORK--(BUSINESS WIRE)--Jun 2, 2025-- Herbert Smith Freehills Kramer is delighted to announce the successful completion of the combination between Herbert Smith Freehills and Kramer Levin on June 1, 2025. This transformative combination creates an integrated global legal powerhouse of some 2,700 lawyers, including around 630 partners, across 26 offices. With over US$2 billion in revenues, positioning it among the world's top law firms, HSF Kramer has established a robust global platform for future investment and expansion. Rebecca Maslen-Stannage, Chair and Senior Partner of Herbert Smith Freehills Kramer, commented: 'Today we embark on an exciting new chapter. Herbert Smith Freehills Kramer unites two firms with complementary strengths, shared values, and a bold vision for the future. We are delighted by the overwhelmingly positive feedback from our clients and our people. Together, we will focus on our strategic vision and build on this fantastic platform.' HSF Kramer's extensive footprint and global reach offer immediate synergies in areas such as private equity, bankruptcy, disputes, real estate, and securitization, providing clients with unparalleled support on complex transactions and high-stakes disputes. Justin D'Agostino, Global CEO of Herbert Smith Freehills Kramer, commented: 'In today's fast-evolving and uncertain macroeconomic landscape, clients need a truly global law firm with deep local insight across all their key markets. Herbert Smith Freehills Kramer is uniquely positioned to deliver exceptional outcomes in an increasingly complex and interconnected world.' The firm will have a strong focus on growth and investments, particularly in all these key practice areas as well as a broader transactional offering, on enhancing its New York presence, and on building its regulatory and technology practices centered around its Washington DC and Silicon Valley offices. Paul Schoeman and Howard Spilko, Co-Managing Partners of Kramer Levin prior to the combination commented: 'We look forward to the strategic investments we will be making as a result of the combination to grow our destination practices in the U.S. and enhance the service we provide to clients here and throughout the world.' Paul Schoeman will serve as the Executive Partner of the U.S. region, and Howard Spilko will serve as Global Head of Private Equity and Chair of Corporate, US, as well as serve on the Global Council for HSF Kramer. Justin D'Agostino leads the firm's Global Executive and is joined by Executive Partners Kristin Stammer (Asia & Australia), Jeremy Walden (UK & EMEA), Paul Schoeman (US), Alison Brown (US Growth & Strategic Integration) and Anna Sutherland (Practices). About Herbert Smith Freehills Kramer Herbert Smith Freehills Kramer (HSF Kramer) was formed in June 2025 through the transformational combination of Herbert Smith Freehills and Kramer Levin, creating a world-leading global law firm. With over 6,000 people including c.2,700 lawyers and spanning 26 offices, HSF Kramer provides comprehensive legal services across every major region of the world. Uniquely positioned to help clients achieve ambitious objectives, HSF Kramer delivers exceptional results in complex transactions and high-stakes disputes. For more information visit LinkedIn: View source version on CONTACT: Media contact:Jennifer Manton Tel: +1 212 715 7612 Email:[email protected] Pochna Tel: +1 212 843 8007 Email:[email protected] KEYWORD: NEW YORK UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: CONSULTING PROFESSIONAL SERVICES LEGAL SOURCE: Herbert Smith Freehills Kramer Copyright Business Wire 2025. PUB: 06/02/2025 10:46 AM/DISC: 06/02/2025 10:45 AM
Yahoo
4 days ago
- Business
- Yahoo
Herbert Smith Freehills Kramer Officially Launches
The firm also confirms global leadership team NEW YORK, June 02, 2025--(BUSINESS WIRE)--Herbert Smith Freehills Kramer is delighted to announce the successful completion of the combination between Herbert Smith Freehills and Kramer Levin on June 1, 2025. This transformative combination creates an integrated global legal powerhouse of some 2,700 lawyers, including around 630 partners, across 26 offices. With over US$2 billion in revenues, positioning it among the world's top law firms, HSF Kramer has established a robust global platform for future investment and expansion. Rebecca Maslen-Stannage, Chair and Senior Partner of Herbert Smith Freehills Kramer, commented: "Today we embark on an exciting new chapter. Herbert Smith Freehills Kramer unites two firms with complementary strengths, shared values, and a bold vision for the future. We are delighted by the overwhelmingly positive feedback from our clients and our people. Together, we will focus on our strategic vision and build on this fantastic platform." HSF Kramer's extensive footprint and global reach offer immediate synergies in areas such as private equity, bankruptcy, disputes, real estate, and securitization, providing clients with unparalleled support on complex transactions and high-stakes disputes. Justin D'Agostino, Global CEO of Herbert Smith Freehills Kramer, commented: "In today's fast-evolving and uncertain macroeconomic landscape, clients need a truly global law firm with deep local insight across all their key markets. Herbert Smith Freehills Kramer is uniquely positioned to deliver exceptional outcomes in an increasingly complex and interconnected world." The firm will have a strong focus on growth and investments, particularly in all these key practice areas as well as a broader transactional offering, on enhancing its New York presence, and on building its regulatory and technology practices centered around its Washington DC and Silicon Valley offices. Paul Schoeman and Howard Spilko, Co-Managing Partners of Kramer Levin prior to the combination commented: "We look forward to the strategic investments we will be making as a result of the combination to grow our destination practices in the U.S. and enhance the service we provide to clients here and throughout the world." Paul Schoeman will serve as the Executive Partner of the U.S. region, and Howard Spilko will serve as Global Head of Private Equity and Chair of Corporate, US, as well as serve on the Global Council for HSF Kramer. Justin D'Agostino leads the firm's Global Executive and is joined by Executive Partners Kristin Stammer (Asia & Australia), Jeremy Walden (UK & EMEA), Paul Schoeman (US), Alison Brown (US Growth & Strategic Integration) and Anna Sutherland (Practices). About Herbert Smith Freehills Kramer Herbert Smith Freehills Kramer (HSF Kramer) was formed in June 2025 through the transformational combination of Herbert Smith Freehills and Kramer Levin, creating a world-leading global law firm. With over 6,000 people including c.2,700 lawyers and spanning 26 offices, HSF Kramer provides comprehensive legal services across every major region of the world. Uniquely positioned to help clients achieve ambitious objectives, HSF Kramer delivers exceptional results in complex transactions and high-stakes disputes. For more information visit LinkedIn: View source version on Contacts Media contact: Jennifer Manton Tel: +1 212 715 7612Email: Peter Pochna Tel: +1 212 843 8007Email: ppochna@ Sign in to access your portfolio
Business Wire
4 days ago
- Business
- Business Wire
Herbert Smith Freehills Kramer Officially Launches
NEW YORK--(BUSINESS WIRE)--Herbert Smith Freehills Kramer is delighted to announce the successful completion of the combination between Herbert Smith Freehills and Kramer Levin on June 1, 2025. This transformative combination creates an integrated global legal powerhouse of some 2,700 lawyers, including around 630 partners, across 26 offices. This transformative combination creates an integrated global legal powerhouse of some 2,700 lawyers, including around 630 partners, across 26 offices. With over US$2 billion in revenues, positioning it among the world's top law firms, HSF Kramer has established a robust global platform for future investment and expansion. Rebecca Maslen-Stannage, Chair and Senior Partner of Herbert Smith Freehills Kramer, commented: 'Today we embark on an exciting new chapter. Herbert Smith Freehills Kramer unites two firms with complementary strengths, shared values, and a bold vision for the future. We are delighted by the overwhelmingly positive feedback from our clients and our people. Together, we will focus on our strategic vision and build on this fantastic platform." HSF Kramer's extensive footprint and global reach offer immediate synergies in areas such as private equity, bankruptcy, disputes, real estate, and securitization, providing clients with unparalleled support on complex transactions and high-stakes disputes. Justin D'Agostino, Global CEO of Herbert Smith Freehills Kramer, commented: "In today's fast-evolving and uncertain macroeconomic landscape, clients need a truly global law firm with deep local insight across all their key markets. Herbert Smith Freehills Kramer is uniquely positioned to deliver exceptional outcomes in an increasingly complex and interconnected world." The firm will have a strong focus on growth and investments, particularly in all these key practice areas as well as a broader transactional offering, on enhancing its New York presence, and on building its regulatory and technology practices centered around its Washington DC and Silicon Valley offices. Paul Schoeman and Howard Spilko, Co-Managing Partners of Kramer Levin prior to the combination commented: 'We look forward to the strategic investments we will be making as a result of the combination to grow our destination practices in the U.S. and enhance the service we provide to clients here and throughout the world.' Paul Schoeman will serve as the Executive Partner of the U.S. region, and Howard Spilko will serve as Global Head of Private Equity and Chair of Corporate, US, as well as serve on the Global Council for HSF Kramer. Justin D'Agostino leads the firm's Global Executive and is joined by Executive Partners Kristin Stammer (Asia & Australia), Jeremy Walden (UK & EMEA), Paul Schoeman (US), Alison Brown (US Growth & Strategic Integration) and Anna Sutherland (Practices). About Herbert Smith Freehills Kramer Herbert Smith Freehills Kramer (HSF Kramer) was formed in June 2025 through the transformational combination of Herbert Smith Freehills and Kramer Levin, creating a world-leading global law firm. With over 6,000 people including c.2,700 lawyers and spanning 26 offices, HSF Kramer provides comprehensive legal services across every major region of the world. Uniquely positioned to help clients achieve ambitious objectives, HSF Kramer delivers exceptional results in complex transactions and high-stakes disputes.
