McDermott Will & Emery Merger to Form $2.8 Billion Powerhouse

Deal News | Jun 27, 2025 | EIN

McDermott Will & Emery and Schulte Roth & Zabel are set to merge by July 1, forming a new top Am Law 20 firm named McDermott Will & Schulte. With over 1,750 lawyers in more than 20 global offices, this merger will create a company with combined revenue of over $2.8 billion, thus establishing a new leading firm in New York consisting of more than 540 lawyers. The merger emphasizes a shared focus on expertise, client service, and a people-first work culture. The integration will involve a rebranding phase starting in September, with strategic plans to unite both firms' capabilities while minimizing disruptions. Firm leaders expressed excitement at this 'first-of-its-kind' merger, highlighting the transformational impact on the legal industry.

Sectors

Legal
Corporate Services

Geography

United States – The merging firms are prominently located in the U.S., with a significant new presence in New York and offices globally.

Industry

Legal – The article discusses a merger between two major law firms, highlighting developments in the legal services industry.
Corporate Services – Involves the provision of legal advice and services, forming part of the broader category of corporate professional services.

Financials

$2.8 Billion – The combined revenue of the merged firms McDermott Will & Emery and Schulte Roth & Zabel.

Participants

Name	Role	Type	Description
McDermott Will & Emery	Target Company	Company	A large international law firm based in the United States, involved in a merger to form a new entity.
Schulte Roth & Zabel	Selling Company	Company	An elite New York-based law firm merging with McDermott Will & Emery.
Ira Coleman	Leader	Person	Chairman of McDermott Will & Emery, commenting on the merger.
Marc Elovitz	Leader	Person	Co-managing partner of Schulte Roth & Zabel, commenting on the merger.
David Efron	Leader	Person	Co-managing partner of Schulte Roth & Zabel, commenting on the merger.