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McDermott and Schulte plan to merge

McDermott, Will & Emery and Schulte, Roth & Zabel are "actively finalizing" a merger deal that is expected to become official in the coming months, the firms have said in a joint statement. “We are operating from a position of shared strength, and our vision is to deepen our ability to serve our clients at the highest levels. We anticipate an official combination in the coming months,” the statement said. The deal would create a combined law firm with more than $2.8bn in gross revenue last year, and would likely place it among the country’s 20 largest by that metric, Bloomberg Law notes.

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