It’s
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’s
very
first
day
of
existence,
and
the
brand
new
megafirm
—
formed
from
the
union
of
McDermott
Will
&
Emery
and
Schulte
Roth
&
Zabel
—
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.
As
far
as
firmwide
leadership
is
concerned,
that’s
still
a
bit
up
in
the
air.
Legacy
McDermott
chairman
Ira
Coleman
has
retained
his
leadership
post
at
the
newly
integrated
firm.
What’s
to
become
of
those
who
once
served
as
leaders
at
legacy
SRZ?
The
New
York
Law
Journal
has
the
details:
McDermott
said
the
former
partners
and
leaders
of
legacy
New
York
firm
Schulte
Roth
&
Zabel
will
“assume
key
roles
across
the
management,
executive,
and
compensation
committees.”
They
will
also
serve
as
co-leads
for
the
firm’s
New
York
and
London
offices,
the
firm
said.Still,
it
wasn’t
immediately
clear
on
Monday
the
exact
roles
of
former
Schulte
co-managing
partners
Marc
Elovitz
and
David
Efron
in
the
leadership
structure.
“The
firm
is
finalizing
leadership
details
and
looks
forward
to
sharing
that
information,”
a
spokesperson
said
Monday.
No
matter
their
new
roles,
Elovitz
and
Efron
are
celebrating
MWS.
“Combining
with
McDermott
empowers
us
to
broaden
our
impact,
deliver
unmatched
value,
and
redefine
what
clients
can
expect
from
their
legal
partners,”
they
said.
“We’re
excited
to
chart
this
future
together.”
Congratulations
to
McDermott
Will
&
Schulte
on
starting
this
merger
off
on
the
right
foot.
We
can’t
wait
to
see
how
the
firm
will
shake
up
the
Biglaw
market
and
what
next
year’s
Am
Law
100
will
look
like
with
the
firm’s
large
presence
officially
on
the
board.
McDermott
Will
&
Schulte
Work
to
Integrate
Leadership,
Partners
After
Fast
Merger
[New
York
Law
Journal]
Staci
Zaretsky is
the
managing
editor
of
Above
the
Law,
where
she’s
worked
since
2011.
She’d
love
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