Legal Services

McDermott’s $2.8bn merger: ‘London needs to be a core part of the strategy’

McDermott hopes the merger will boost its scale in London as it continues its hiring spree

McDermott Will & Schulte’s bosses say that London is key to growth
McDermott Will & Schulte’s bosses say that London is key to growth Photo: Mike Kemp/Getty Images

Newly merged law firm McDermott Will & Schulte is targeting double-digit revenue growth in London and bolstering its team with lateral hires, its bosses have told Financial News

Chicago-headquartered McDermott Will & Emery and New York-based Schulte Roth & Zabel completed their merger on 1 August, creating a firm with $2.8bn in combined revenue. The new firm has more than 1,750 lawyers in 20 offices globally, including more than 100 in London. 

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