Herbert Smith Freehills LLP is launching an Emerging Tech Academy, which is designed to help businesses understand the latest and greatest in the tech world.
Herbert Smith Freehills LLP and New York-based firm Kramer Levin have officially completed their transatlantic merger, forming a new global legal powerhouse with more than 2,700 lawyers across 26 offices worldwide.
London’s leading commercial law firms have reported sharp rises in partner earnings over the past financial year. Average profit per equity partner at major firms, including Linklaters LLP, A&O Shearman, Herbert Smith Freehills Kramer and Macfarlanes LLP, ranged from more than £1.5 million to more than £3 million during 2024/25. The upward trend was echoed at Clifford Chance, where newly filed Companies House accounts revealed the highest-paid partner received more than £7 million.
Corporate clients are increasingly requiring law firms to use generative AI in their operations, according to recent research by Thomson Reuters. The study also highlights a significant rise in AI adoption within the legal sector, with the percentage of firms and in-house departments using AI jumping from 14% to 26% over the past year.