McDermott Will & Emery, a well-established firm originating from Chicago, has confirmed it is in advanced discussions with New York City’s Schulte Roth & Zabel regarding a potential merger aimed at establishing a formidable legal entity with a projected gross revenue surpassing $2.8 billion. Both firms have stated in a joint statement that they are finalizing what they describe as a “transformative combination”. The completion of this merger is anticipated in the upcoming months.
This prospective merger represents not only a significant organizational restructuring but also a strategic initiative aimed at fortifying their combined capabilities to better serve an increasingly demanding client base. The firms emphasize that their decision to merge is driven by a “shared strength” philosophy, aiming to enhance their service delivery at the highest levels of legal practice. Should the merger proceed as planned, the new entity is likely to secure a position among the top 20 largest law firms in the United States based on revenue.
Both firms are recognized for their significant legal expertise. The merger is expected to leverage Schulte’s strong positions in financial services and investment management, complementing McDermott’s broad range of practice areas which include healthcare, tax, and corporate law, among others.