Ashurst

What Ashurst does

Ashurst is a global law firm headquartered in London, founded in 1822, that provides full-service legal, risk advisory, and technology-enabled advisory services to corporates, financial institutions, and governments. The firm operates through specialized divisions including Ashurst Legal Services (corporate/M&A, banking and finance, capital markets, disputes, projects and energy transition, real estate, restructuring, tax), Ashurst Risk Advisory (non-legal consulting established in 2020 and now the fastest-growing part of the business), Ashurst Advance (a NewLaw division deploying AI for obligation management, M&A lifecycle support, and operational resilience), Board Advisory, and Integrated Solutions including XB Adviser for climate transition plan assessment. The firm delivers work through partner-led client teams across 32 offices in 19 countries (pre-merger), with major hubs in London, Sydney, New York, and (pending) Seattle. Its primary client segments are Banks and Financial Institutions, Energy and Resources, Infrastructure, Private Capital, and Technology, supplemented by Real Estate, Government, Mining, Sports, and Capital Markets practices.

The firm generates revenue primarily through professional services fees — hourly billing, fixed fees, transaction/success fees, and retainer arrangements — alongside managed services revenue from Risk Advisory and subscription/recurring revenue from Ashurst Advance. Its underlying technology stack is anchored by the Harvey AI legal platform, deployed across 525 users in 38 practice groups and 23 offices, with documented productivity gains (e.g., lease summary production time reduced from 3-4 hours to 3-4 minutes). Ashurst is also co-developing Harvey's "Memory" feature using Australia as a regulatory testbed, signaling deeper AI workflow integration.

In November 2025, Ashurst announced a merger of equals with US firm Perkins Coie, overwhelmingly approved by both partnerships in April 2026, which is expected to close in Q3 2026. The combined entity, Ashurst Perkins Coie, will operate as a top-20 global law firm with combined revenues of approximately US$2.8 billion, around 3,000 lawyers, 1,000 partners, and more than 50 offices across 23 countries. The combination is designed to materially strengthen Ashurst's US platform in technology, energy, infrastructure, and financial services, complementing strongholds in the Middle East (33% of FY26 revenue), Continental Europe, Asia, and the UK.

Name

Ashurst

Legal name

Ashurst LLP

Website

https://ashurst.com

Company type

Private

Founded year

1822

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Ashurst is a London-headquartered global law firm founded in 1822, serving corporates, financial institutions, and governments with full-service legal, risk advisory, and NewLaw AI-enabled solutions across 32 offices in 19 countries.

Ownership category

akta.pro rank

Product category

Legal Services

NAICS

Offices of Lawyers (541110), Legal Services (5411)

SIC

Services-Legal Services (8111), Services-Management Consulting Services (8742)

akta.pro primary industry

Fairness Opinions & Independent Financial Advice (BPAHAOAF)

akta.pro secondary industries

Estate Planning & Trust Structuring Advisory (FSAEAKAC), Trust & Estate Dispute Resolution & Fiduciary Litigation Support (FSAEAKAJ), HR Policy, Governance, Compliance & Risk Advisory (BPACAJAF), Fraud Risk Management & Anti-Bribery/Anti-Corruption (ABAC) (BPAHAFAL)

Keywords

• Corporate legal services
• Mergers and acquisitions
• Project finance advisory
• International arbitration
• Regulatory compliance law

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices31 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Legal Services Fees: Traditional law firm revenue from legal advisory services across corporate/M&A, banking & finance, capital markets, disputes, projects & energy, real estate, restructuring, tax, and other practice areas. Fees structured as hourly rates, fixed fees, success fees on transactions, and retainer arrangements for ongoing client relationships.
2. Risk Advisory and Consulting: Non-legal risk consulting and managed services offered through Ashurst Risk Advisory, providing business strategy, risk management, compliance, and corporate governance services. This has become one of the fastest-growing parts of the business.
3. Ashurst Advance (NewLaw Services): Technology-enabled legal services through the NewLaw division, offering integrated solutions for obligation management, customer promises and disclosures, enhancing operational resilience, M&A lifecycle support, and transition plan assessments.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Ashurst is a multinational law firm delivering full-service legal advisory across corporate/M&A, banking and finance, capital markets, disputes and international arbitration, projects and energy transition, real estate, restructuring, tax, antitrust, employment, IP, fintech, digital assets, and financial regulation. It also offers non-legal Risk Advisory consulting, Board Advisory, the NewLaw/AI-enabled Ashurst Advance service line, and Integrated Solutions products such as XB Adviser, M&A Lifecycle Solution, Obligation Management, and Transition Plan Assessment, serving corporates, financial institutions, governments, and private capital clients globally.

Product overview

Ashurst is a global law firm offering a comprehensive portfolio of legal and adjacent services. The core offering is Ashurst Legal Services, providing full-service legal practice across corporate transactions, disputes, finance, and regulatory matters. The firm operates specialized divisions including Ashurst Advance (NewLaw AI-powered solutions), Risk Advisory (non-legal consulting), Board Advisory, and Integrated Solutions (specialized legal technology solutions such as M&A Lifecycle Solution, XB Adviser, and Transition Plan Assessment Tool). These offerings work together to provide clients with integrated legal, risk, and governance support across global markets.

Differentiator

Problem solved

Functional benefit

Brands

• Ashurst Advance: NewLaw division providing AI-powered legal services and managed solutions
• Ashurst Risk Advisory
• Ashurst Group
• Board Advisory
• Integrated Solutions

Products and services

• Ashurst Legal Services Full-service legal practice covering corporate transactions, banking and finance, capital markets, disputes and international arbitration, projects and energy transition, real estate, restructuring, tax, antitrust, IP, employment, and other practice areas, serving corporates, financial institutions, governments, and private capital clients across global markets.
• Ashurst Advance (NewLaw Division) NewLaw division providing AI-powered legal services, managed solutions, and technology-enabled delivery including obligation management, customer promises and disclosures, operational resilience, M&A lifecycle support, and transition plan assessments for enterprise clients.
• Risk Advisory Non-legal risk consulting and managed services providing business strategy, risk management, compliance, and corporate governance advisory, helping enterprise clients address regulatory, operational, and cross-border challenges.
• Board Advisory Strategic advisory service for corporate Boards on supply chain resilience, forced labor laws, anti-bribery statutes, sanctions compliance, tariff circumvention risks, and broader governance matters.
• XB Adviser Integrated solution for climate transition plan assessment and sustainability reporting compliance, helping organizations meet climate disclosure and transition planning obligations.

Quantifiable outcome

• Revenue of £1.152 billion for FY26, 11% increase from FY25
• +3 more outcomes

Named customers19 records

Segments10 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Five partnerships are on record, tiered strategic and core.

• GFMA, ASIFMA, SIFMA, and AFMEstrategicStrategic or Co-development Partner · 14 April 2026Advised four major financial trade associations on producing a comprehensive report on digital money in capital markets, examining tokenized deposits, wholesale CBDCs, and stablecoins. Report identifies regulatory and practical hurdles for digital money adoption.
• HarveycoreTechnology or Integration · 12 March 2026Ashurst is co-developing Harvey's 'Memory' feature with the legal AI startup, using the Australian market as a regulatory testbed. Ashurst has 525 users of Harvey's AI platform across 38 practice groups and 23 offices globally, achieving significant efficiency gains including reducing lease summary production from 3-4 hours to 3-4 minutes.
• Ashurst Board Advisory ServicescoreOthers · 19 January 2026Board Advisory service providing strategic guidance to Boards on supply chain resilience, forced labor laws, anti-bribery statutes, sanctions compliance, and tariff circumvention risks. Recommends Boards map critical supply chains and embed resilience obligations.
• Ashurst Risk Advisory Asia ExpansioncoreOthers · 11 December 2025Expansion of Ashurst Risk Advisory into Asia with new Singapore branch led by John Knox and Rishi Balakhan. Builds on Risk Advisory's status as one of fastest-growing parts of the business globally since 2020. Supports clients facing regulatory, operational, and cross-border challenges.
• France FinTechstrategicGTM or Marketing Partner · 4 December 2025Partnership with France FinTech, a non-profit association representing and supporting French fintech, insurtech, and regtech companies since 2015. Ashurst will provide members with expertise in banking regulation, structured refinancing, and digital economy including IT, data, cybersecurity, and AI to support growth and European expansion.

Scale indicators12 records

Recent moves11 records

Expansion highlights6 records

Direct peers

• Allen & Overy (A&O Shearman): Magic Circle firm (now post-Shearman & Sterling merger) with overlapping banking, finance, capital markets, and energy practices; strong US/UK/EMEA platform and comparable scale post-merger.
• White & Case: Elite global law firm with similarly strong project finance, energy, capital markets, and cross-border M&A practices. Direct competitor for major emerging-markets and high-value transactional work where Ashurst operates.
• Linklaters: Magic Circle firm with comparable banking, capital markets, and corporate practices; particularly strong in UK and Asia. Directly competes for the same top-tier mandates across Ashurst's flagship sectors.
• Hogan Lovells: Top-tier global firm with similar revenue scale (~$2.5–3B), strong energy/infrastructure/practices, and direct overlap in financial services regulatory and corporate M&A. Comparable transatlantic platform and similar client segment mix.
• Baker McKenzie: One of the largest global law firms by revenue (~$3.1B+) with deepest worldwide office network among peers. Highly comparable on cross-border M&A, banking & finance, and emerging-markets mandates including Middle East and Asia.
• Herbert Smith Freehills (now HSF Kramer): Global law firm with overlapping practices in energy, infrastructure, banking, and disputes; strong UK and Asia-Pacific footprint and directly comparable client base in natural resources and financial services.
• Latham & Watkins: Leading US-headquartered global firm with strong corporate, finance, energy, and technology practices. Post Perkins Coie merger, Ashurst and Latham are increasingly competitive for similar US-led tech and energy mandates.
• DLA Piper: Top-10 global law firm with comparable UK/US/Asia/EMEA footprint, similar full-service practice mix, and similar revenue scale (~$3.3B). Directly comparable on cross-border M&A, energy, infrastructure, and technology sector mandates.
• Clifford Chance: Magic Circle firm with directly overlapping practices in banking & finance, capital markets, and project finance. Strong US/UK/EMEA platform, similar client segment (banks, corporates, sovereigns), and recent technology/digital assets focus.
• Norton Rose Fulbright: Global law firm of comparable size with overlapping strengths in energy, infrastructure, project finance, and financial services. Direct peer given similar sector focus and comparable breadth across UK, US, Asia-Pacific, and Middle East offices.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/ashurst
• LinkedInlinkedin.com/company/ashurst
• Instagraminstagram.com/ashurst_official
• Facebookfacebook.com/ashurstofficial

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ashurst