McDermott Will & Schulte, a prominent Am Law 50 firm, is currently evaluating the possibility of establishing a managed services organization (MSO) in response to increasing interest from private equity investors. Chairman Ira Coleman acknowledged that the firm is “fielding inbound interest,” marking the first public comment from a top-tier law firm on this emerging trend.
The concept of law firms engaging with private equity through MSOs is gaining traction. Such organizations allow firms to offer ancillary services—such as compliance, consulting, and technology solutions—while maintaining the traditional partnership structure for core legal services. This model can provide firms with additional revenue streams and operational efficiencies without compromising their professional independence.
McDermott’s consideration of this model aligns with its recent strategic initiatives. In August 2025, the firm completed a merger with Schulte Roth & Zabel, forming McDermott Will & Schulte. This merger expanded the firm’s capabilities, particularly in private capital and investment management sectors. ([alternativefundinsight.com](https://alternativefundinsight.com/mcdermott-will-schulte-formed-as-merger-finalised/?utm_source=openai))
Additionally, McDermott has been actively enhancing its private equity practice. In October 2023, the firm expanded its Munich office by adding counsel Thomas Diekmann, who specializes in advising private equity sponsors on domestic and cross-border M&A transactions. ([mwe.com](https://www.mwe.com/media/mcdermott-continues-expansion-of-private-equity-practice-with-counsel-addition-in-munich/?utm_source=openai))
Furthermore, in January 2024, McDermott welcomed Julia Boyd as a partner in its New York office. Boyd is recognized for her expertise in private equity and venture capital transactions across various industries, including healthcare and technology. ([mwe.com](https://www.mwe.com/media/mcdermott-welcomes-private-equity-partner-in-new-york/?utm_source=openai))
These developments reflect McDermott’s commitment to adapting to the evolving legal market and exploring innovative business models. The firm’s openness to private equity investment through an MSO could set a precedent for other large law firms considering similar strategies to diversify their service offerings and revenue sources.