McDermott Will & Emery and Schulte Roth & Zabel have announced a major merger set to finalize by July 1, creating a powerhouse law firm with over 1,750 lawyers and joint revenues exceeding $2.8 billion. This transformation will position the firm as a leading presence in New York, boasting more than 540 attorneys. Leaders from both firms have emphasized that this merger not only expands their expertise but also represents a redefinition of modern law firm practices, focusing on specialization, client service, and a culture prioritizing people.
Ira Coleman, McDermott's chairman, stated that through this merger, the firms are 'not just expanding our expertise, we're redefining what it means to be a modern, elite law firm.'
Marc Elovitz, Schulte's co-managing partner, expressed that adding SRZ's 'extraordinary talent' to McDermott's 'world-class platform' is 'truly transformational.'
David Efron, Schulte's co-managing partner, noted the merger as a 'first-of-its-kind deal' in the profession, with 'two elite firms' coming together.
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