Herbert Smith Freehills, Kramer Levin Announce Merger Plans (2)

Herbert Smith Freehills and Kramer Levin plan to merge to create one of the 20 largest law firms in the world with more than $2 billion in revenue, the firms said in a statement.

The firms’ partnerships are set to hold a vote on combining, according to a person with knowledge of the situation who requested anonymity to discuss private merger plans. Justin D’Agostino, chief executive of Herbert Smith Freehills, held a global partner meeting Monday to discuss the combination, according to a document seen by Bloomberg Law.

The combined firm would be fully financially integrated, according to the person, ...