{"id":129623,"date":"2025-08-05T15:16:43","date_gmt":"2025-08-05T23:16:43","guid":{"rendered":"https:\/\/xira.com\/p\/2025\/08\/05\/welcome-to-biglaw-brand-new-megafirm-officially-makes-its-debut\/"},"modified":"2025-08-05T15:16:43","modified_gmt":"2025-08-05T23:16:43","slug":"welcome-to-biglaw-brand-new-megafirm-officially-makes-its-debut","status":"publish","type":"post","link":"https:\/\/xira.com\/p\/2025\/08\/05\/welcome-to-biglaw-brand-new-megafirm-officially-makes-its-debut\/","title":{"rendered":"Welcome To Biglaw: Brand New Megafirm Officially Makes Its Debut"},"content":{"rendered":"

It\u2019s the first full week of August, and for the Biglaw community, that means that a new competitor has officially entered the marketplace. August 1st marked McDermott Will & Schulte\u2019s very first day of existence, and the brand new megafirm \u2014 formed from the union of McDermott Will & Emery and Schulte Roth & Zabel \u2014 grosses $3 billion, with more than 1,750 lawyers, spread across more than 20 offices globally. The firm has already made some major moves, including the launch of a new website<\/a>. As far as firmwide leadership is concerned, that\u2019s still a bit up in the air.<\/p>\n

Legacy McDermott chairman Ira Coleman has retained his leadership post at the newly integrated firm. What\u2019s to become of those who once served as leaders at legacy SRZ? The New York Law Journal<\/a> has the details:<\/p>\n

\n

McDermott said the former partners and leaders of legacy New York firm Schulte Roth & Zabel will \u201cassume key roles across the management, executive, and compensation committees.\u201d They will also serve as co-leads for the firm\u2019s New York and London offices, the firm said.<\/p>\n

Still, it wasn\u2019t immediately clear on Monday the exact roles of former Schulte co-managing partners Marc Elovitz and David Efron in the leadership structure. \u201cThe firm is finalizing leadership details and looks forward to sharing that information,\u201d a spokesperson said Monday.<\/p>\n<\/blockquote>\n

No matter their new roles, Elovitz and Efron are celebrating MWS. \u201cCombining with McDermott empowers us to broaden our impact, deliver unmatched value, and redefine what clients can expect from their legal partners,\u201d they said. \u201cWe\u2019re excited to chart this future together.\u201d<\/p>\n

Congratulations to McDermott Will & Schulte on starting this merger off on the right foot. We can\u2019t wait to see how the firm will shake up the Biglaw market and what next year\u2019s Am Law 100 will look like with the firm\u2019s large presence officially on the board.<\/p>\n

McDermott Will & Schulte Work to Integrate Leadership, Partners After Fast Merger<\/a> [New York Law Journal]<\/p>\n

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

Staci Zaretsky<\/a>\u00a0is the managing editor of 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 Welcome To Biglaw: Brand New Megafirm Officially Makes Its Debut<\/a> appeared first on Above the Law<\/a>.<\/p>\n

\"\"<\/figure>\n

It\u2019s the first full week of August, and for the Biglaw community, that means that a new competitor has officially entered the marketplace. August 1st marked McDermott Will & Schulte\u2019s very first day of existence, and the brand new megafirm \u2014 formed from the union of McDermott Will & Emery and Schulte Roth & Zabel \u2014 grosses $3 billion, with more than 1,750 lawyers, spread across more than 20 offices globally. The firm has already made some major moves, including the launch of a new website<\/a>. As far as firmwide leadership is concerned, that\u2019s still a bit up in the air.<\/p>\n

Legacy McDermott chairman Ira Coleman has retained his leadership post at the newly integrated firm. What\u2019s to become of those who once served as leaders at legacy SRZ? The New York Law Journal<\/a> has the details:<\/p>\n

\n

McDermott said the former partners and leaders of legacy New York firm Schulte Roth & Zabel will \u201cassume key roles across the management, executive, and compensation committees.\u201d They will also serve as co-leads for the firm\u2019s New York and London offices, the firm said.<\/p>\n

Still, it wasn\u2019t immediately clear on Monday the exact roles of former Schulte co-managing partners Marc Elovitz and David Efron in the leadership structure. \u201cThe firm is finalizing leadership details and looks forward to sharing that information,\u201d a spokesperson said Monday.<\/p>\n<\/blockquote>\n

No matter their new roles, Elovitz and Efron are celebrating MWS. \u201cCombining with McDermott empowers us to broaden our impact, deliver unmatched value, and redefine what clients can expect from their legal partners,\u201d they said. \u201cWe\u2019re excited to chart this future together.\u201d<\/p>\n

Congratulations to McDermott Will & Schulte on starting this merger off on the right foot. We can\u2019t wait to see how the firm will shake up the Biglaw market and what next year\u2019s Am Law 100 will look like with the firm\u2019s large presence officially on the board.<\/p>\n

McDermott Will & Schulte Work to Integrate Leadership, Partners After Fast Merger<\/a> [New York Law Journal]<\/p>\n

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

Staci Zaretsky<\/a>\u00a0is the managing editor of 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":"

It\u2019s the first full week of August, and for the Biglaw community, that means that a new competitor has officially entered the marketplace. August 1st marked McDermott Will & Schulte\u2019s very first day of existence, and the brand new megafirm \u2014 formed from the union of McDermott Will & Emery and Schulte Roth & Zabel […]<\/p>\n","protected":false},"author":3,"featured_media":129624,"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-129623","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\/08\/Staci-Zaretsky-8o7nbP.jpg?fit=150%2C100&ssl=1","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/posts\/129623","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=129623"}],"version-history":[{"count":0,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/posts\/129623\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/media\/129624"}],"wp:attachment":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/media?parent=129623"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/categories?post=129623"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/tags?post=129623"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}