McDermott Will & Emery is set to combine with fellow US firm Schulte Roth & Zabel, in a deal that would create a combined firm with more than $2.8bn in revenue – big enough to place it on the brink of the top ten largest law firms in the world.
The deal will bring together Chicago-headquartered McDermott, which has 24 offices across the US and Europe and revenues of more than $2.2bn, with the $620m Schulte, a New York-bred firm with a presence in Washington DC and London and a strong reputation in the funds market.
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