{"id":124529,"date":"2025-06-27T13:03:08","date_gmt":"2025-06-27T21:03:08","guid":{"rendered":"https:\/\/xira.com\/p\/2025\/06\/27\/elite-biglaw-merger-approved-poised-to-become-2-billion-firm\/"},"modified":"2025-06-27T13:03:08","modified_gmt":"2025-06-27T21:03:08","slug":"elite-biglaw-merger-approved-poised-to-become-2-billion-firm","status":"publish","type":"post","link":"https:\/\/xira.com\/p\/2025\/06\/27\/elite-biglaw-merger-approved-poised-to-become-2-billion-firm\/","title":{"rendered":"\u2018Elite\u2019 Biglaw Merger Approved, Poised To Become $2 Billion Firm"},"content":{"rendered":"

The votes are in, and it\u2019s officially time to say hello to what could be a new Am Law Top 20 Biglaw firm. With news of the potential tie-up first announced in May<\/a>, and following an \u201coverwhelmingly\u201d positive partnership-wide poll, McDermott Will & Emery and Schulte Roth & Zabel are poised to sign a merger agreement by July 1. Combined, the firm will have more than 1,750 lawyers spread across more than 20 offices globally, with joint revenue of more than $2.8 billion. On top of that, the merger will create a new top New York firm<\/a>, with more than 540 lawyers servicing clients in the city that never sleeps.<\/p>\n

Ira Coleman, McDermott\u2019s chairman, said in a statement that through this merger, the firms are \u201cnot just expanding our expertise, we\u2019re redefining what it means to be a modern, elite law firm\u2014deeply specialized, relentlessly client-focused, and committed to a people-first culture.\u201d<\/p>\n

Marc Elovitz and David Efron, Schulte\u2019s co-managing partners, echoed Coleman\u2019s words, with Elovitz noting that by adding SRZ\u2019s \u201cextraordinary talent and premier client base with McDermott\u2019s world-class platform, we\u2019re creating a unique firm with unmatched capabilities. It\u2019s truly transformational.\u201d Efron agreed, stating, \u201cThis is a first-of-its-kind deal in our profession\u2014with two elite firms performing at the highest levels choosing to come together\u2014and we\u2019re incredibly excited to bring it to life.\u201d<\/p>\n

Together, the firms have agreed to go forward under the name McDermott Will & Schulte, kicking Emery, Roth, and Zabel to the curb. The American Lawyer<\/a> has some additional details on the combined firm\u2019s rebranding efforts:<\/p>\n

\n

In his email, Coleman said the combination and new name will bring \u201ctogether our two elite brands while preserving our proud legacies,\u201d and McDermott will schedule a town hall in the coming weeks to share more details as the merger process unfolds.<\/p>\n

He said the firms will merge brands \u201cin a phased approach to fully leverage our shared strengths and market positions and minimize disruptions.\u201d<\/p>\n

He noted that in early September, the combined firm\u2019s brand will incorporate \u201cnew colors, imagery, and designs\u2014but, don\u2019t worry, our beloved \u2018M\u2019 logo will continue to live on.\u201d<\/p>\n

\u201cOf course, combining two firms of our size will take time, and we appreciate everyone\u2019s patience as we move forward. Our functional teams, in particular, are working diligently to ensure a smooth integration while supporting our regular processes and functions,\u201d Coleman\u2019s note added.<\/p>\n<\/blockquote>\n

Now that the merger has been approved, McDermott Will & Schulte is expected to be effective by August 1. Congratulations!<\/p>\n

Schulte and McDermott Partners Vote to Merge, Bringing Together \u2018Two Elite Firms\u2019<\/a> [American Lawyer]<\/p>\n

\n
\"Staci
<\/figcaption><\/figure>\n

Staci Zaretsky<\/a>\u00a0is a senior editor at Above the Law, where she\u2019s worked since 2011. She\u2019d love to hear from you, so please feel free to email<\/a> her with any tips, questions, comments, or critiques. You can follow her on\u00a0Bluesky<\/a>,\u00a0X\/Twitter<\/a>, and\u00a0Threads<\/a>,\u00a0or connect with her on\u00a0LinkedIn<\/a>.<\/em><\/strong><\/p>\n

The post \u2018Elite\u2019 Biglaw Merger Approved, Poised To Become $2 Billion Firm<\/a> appeared first on Above the Law<\/a>.<\/p>\n

\"\"<\/figure>\n

The votes are in, and it\u2019s officially time to say hello to what could be a new Am Law Top 20 Biglaw firm. With news of the potential tie-up first announced in May<\/a>, and following an \u201coverwhelmingly\u201d positive partnership-wide poll, McDermott Will & Emery and Schulte Roth & Zabel are poised to sign a merger agreement by July 1. Combined, the firm will have more than 1,750 lawyers spread across more than 20 offices globally, with joint revenue of more than $2.8 billion. On top of that, the merger will create a new top New York firm<\/a>, with more than 540 lawyers servicing clients in the city that never sleeps.<\/p>\n

Ira Coleman, McDermott\u2019s chairman, said in a statement that through this merger, the firms are \u201cnot just expanding our expertise, we\u2019re redefining what it means to be a modern, elite law firm\u2014deeply specialized, relentlessly client-focused, and committed to a people-first culture.\u201d<\/p>\n

Marc Elovitz and David Efron, Schulte\u2019s co-managing partners, echoed Coleman\u2019s words, with Elovitz noting that by adding SRZ\u2019s \u201cextraordinary talent and premier client base with McDermott\u2019s world-class platform, we\u2019re creating a unique firm with unmatched capabilities. It\u2019s truly transformational.\u201d Efron agreed, stating, \u201cThis is a first-of-its-kind deal in our profession\u2014with two elite firms performing at the highest levels choosing to come together\u2014and we\u2019re incredibly excited to bring it to life.\u201d<\/p>\n

Together, the firms have agreed to go forward under the name McDermott Will & Schulte, kicking Emery, Roth, and Zabel to the curb. The American Lawyer<\/a> has some additional details on the combined firm\u2019s rebranding efforts:<\/p>\n

\n

In his email, Coleman said the combination and new name will bring \u201ctogether our two elite brands while preserving our proud legacies,\u201d and McDermott will schedule a town hall in the coming weeks to share more details as the merger process unfolds.<\/p>\n

He said the firms will merge brands \u201cin a phased approach to fully leverage our shared strengths and market positions and minimize disruptions.\u201d<\/p>\n

He noted that in early September, the combined firm\u2019s brand will incorporate \u201cnew colors, imagery, and designs\u2014but, don\u2019t worry, our beloved \u2018M\u2019 logo will continue to live on.\u201d<\/p>\n

\u201cOf course, combining two firms of our size will take time, and we appreciate everyone\u2019s patience as we move forward. Our functional teams, in particular, are working diligently to ensure a smooth integration while supporting our regular processes and functions,\u201d Coleman\u2019s note added.<\/p>\n<\/blockquote>\n

Now that the merger has been approved, McDermott Will & Schulte is expected to be effective by August 1. Congratulations!<\/p>\n

Schulte and McDermott Partners Vote to Merge, Bringing Together \u2018Two Elite Firms\u2019<\/a> [American Lawyer]<\/p>\n

\n
\"Staci
<\/figcaption><\/figure>\n

Staci Zaretsky<\/a>\u00a0is a senior editor at Above the Law, where she\u2019s worked since 2011. She\u2019d love to hear from you, so please feel free to email<\/a> her with any tips, questions, comments, or critiques. You can follow her on\u00a0Bluesky<\/a>,\u00a0X\/Twitter<\/a>, and\u00a0Threads<\/a>,\u00a0or connect with her on\u00a0LinkedIn<\/a>.<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

The votes are in, and it\u2019s officially time to say hello to what could be a new Am Law Top 20 Biglaw firm. With news of the potential tie-up first announced in May, and following an \u201coverwhelmingly\u201d positive partnership-wide poll, McDermott Will & Emery and Schulte Roth & Zabel are poised to sign a merger […]<\/p>\n","protected":false},"author":3,"featured_media":124484,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16],"tags":[],"class_list":["post-124529","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-above_the_law"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/xira.com\/p\/wp-content\/uploads\/2025\/06\/Staci-Zaretsky-heQ4lU.jpeg?fit=150%2C100&ssl=1","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/posts\/124529","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/comments?post=124529"}],"version-history":[{"count":0,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/posts\/124529\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/media\/124484"}],"wp:attachment":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/media?parent=124529"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/categories?post=124529"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/tags?post=124529"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}