Herbert Smith Freehills to acquire Kramer Levin.

Herbert Smith Freehills, a global law firm, agreed to acquire Kramer Levin, a full-service law firm headquartered in New York. Financial terms were not disclosed. "This is transformational. We have long been committed to expanding our offering in the US and Kramer Levin is the perfect fit. The combination delivers immediate growth for both firms from day one," Rebecca Maslen-Stannage, Herbert Smith Freehills Chair and Senior Partner.