London‑based Ashurst and US firm Perkins Coie have unveiled plans to merge, creating a transatlantic powerhouse with projected revenues of £2 billion ($2.7 billion). The new entity, to be known as Ashurst Perkins Coie, will rank among the world’s top 20 law firms by revenue, marking one of the most significant legal industry tie‑ups in recent years.
Scale and Reach
The combined firm will employ over 3,000 lawyers across 52 offices in 23 countries, giving Ashurst its long‑sought foothold in the lucrative US market while expanding Perkins Coie’s international presence. The merger positions the firm to compete directly with other transatlantic giants such as A&O Shearman and Herbert Smith Freehills, both of which have recently completed high‑profile US partnerships.
Strategic Focus
Ashurst Perkins Coie will concentrate on technology, energy and infrastructure, and financial services, sectors where both firms already have strong client bases. The firm has also pledged to be a technology pioneer, investing heavily in artificial intelligence to transform legal practice and help clients implement digital solutions effectively.
Market Context
The deal reflects a broader wave of UK‑US law firm mergers, driven by the need for scale and global reach in an increasingly competitive market. Analysts note that Ashurst had been seeking a US partner for decades, while Perkins Coie gains access to Europe, Asia, and Australia through Ashurst’s established network.
Outlook
The merger is expected to go live in 2026, subject to regulatory approvals. With revenues projected at £2bn, Ashurst Perkins Coie will join the ranks of the world’s largest firms, reshaping the competitive landscape of international law.
Sources: Global Legal Post · Yahoo Finance · Ashurst Official Announcement · Legal Cheek · Telegraph
