McDermott Will & Schulte

What McDermott Will & Schulte does

McDermott Will & Schulte is a global law firm formed on August 1, 2025, through the merger of McDermott Will & Emery and Schulte Roth & Zabel. The combined firm operates with over 1,750 attorneys across more than 20 offices in the United States, United Kingdom, France, Belgium, Germany, and Italy, generating approximately $3 billion in global revenue. The firm provides comprehensive legal services organized around 20+ practice areas, including Corporate & Transactional, Litigation & Dispute Resolution, Tax, Intellectual Property, Investment Management, Antitrust, and Data Privacy & Cybersecurity, and 14 industry verticals, with Healthcare & Life Sciences, Private Equity, Technology, Financial Services, and Energy & Project Finance representing primary go-to-market segments.

The firm's business model is traditional professional services: client engagements are billed via hourly rates, fixed fees, or success-based arrangements depending on practice area and matter complexity. McDermott serves enterprise clients through partner-led relationship management and cross-practice collaboration, with go-to-market concentrated in private equity sponsors, healthcare and life sciences companies, energy developers, technology firms, and financial institutions. Notable client engagements include representation of Doral Renewables on the $2 billion+ Mammoth Solar financing, Zocdoc on regulatory matters spanning 10+ years, and multiple private equity fund formations (Albaron Partners $185M, Ampersand Capital $1.5B, Boyne Capital $400M+). The firm holds #1 PitchBook rankings in healthcare PE activity and #1 Preqin rankings in fund formation for private capital funds.

The firm's technology stack centers on AI-assisted legal tooling, notably as an early adopter of Relativity's aiR for Case Strategy for generative AI case preparation, alongside investments in legal technology innovation including a $10 million lead investment in The LegalTech Fund's second fund. The firm has announced exploration of a Management Services Organization (MSO) restructuring that would allow private equity investment, a novel approach challenging traditional ABA Model Rule 5.4 restrictions on non-lawyer ownership of law firms.

Name

McDermott Will & Schulte

Legal name

McDermott Will & Schulte LLP

Website

https://mcdermottlaw.com

Company type

Private

Founded year

2025

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

McDermott Will & Schulte is a global law firm with 1,750+ attorneys across 20+ offices, formed from the August 2025 merger of McDermott Will & Emery and Schulte Roth & Zabel. It serves enterprise clients in private equity, healthcare, technology, energy, and financial services with $3 billion in revenue.

Ownership category

akta.pro rank

Product category

Legal Services

NAICS

Legal Services (5411), Offices of Lawyers (541110), Professional, Scientific, and Technical Services (54), Management Consulting Services (54161)

SIC

Services-Legal Services (8111)

akta.pro primary industry

M&A Advisory (Buy-side/Sell-side) (BPAHADAC)

akta.pro secondary industries

Corporate Development & Strategic Partnerships Advisory (JVs, Alliances, Carve-outs) (BPAHAOAG), Strategic Partnerships, Alliances & JVs Advisory (BPAHADAI), Industry-Specialist / Sector-Focused M&A Advisory (FSAEAGAJ), Litigation Support & Expert Witness (Valuation-Related) (BPAHANAG)

Keywords

• Corporate legal services
• Private equity law
• Healthcare regulatory
• Litigation services
• Tax advisory

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices25 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. Legal Services: Traditional law firm providing legal counsel across corporate transactions, litigation, regulatory compliance, and specialized practice areas. Revenue generated through client fees for legal services including hourly billing, fixed fees, and success fees depending on matter type.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

McDermott Will & Schulte is a global law firm providing comprehensive legal services across 20+ practice areas (Antitrust, Corporate & Transactional, Litigation, IP, Tax, Employment, Data Privacy & Cybersecurity, etc.) and 14 industry verticals (Healthcare & Life Sciences, Private Equity, Technology, Energy & Project Finance, Financial Services, FinTech, etc.). The firm serves enterprise clients including private equity sponsors, multinational corporations, and financial institutions through attorney-led engagements across 20+ global offices with cross-border capabilities.

Product overview

McDermott Will & Schulte is a global law firm resulting from the August 1, 2025 merger of McDermott Will & Emery and Schulte Roth & Zabel. The combined firm employs over 1,750 attorneys across 20+ global offices with $3 billion in annual revenue. Rather than a traditional product company, McDermott provides comprehensive legal services organized around 20+ practice areas (including Corporate, Litigation, IP, Tax, Employment, and Privacy) and 14 industry verticals (including Healthcare, Technology, Private Equity, Energy, and Financial Services). The firm's offerings are structured as service lines rather than discrete software products or modules.

Differentiator

Problem solved

Functional benefit

Products and services

• Legal Services - Core Practice Areas McDermott provides comprehensive legal services across 20+ practice areas including Antitrust, Business Restructuring, Corporate & Transactional, Crisis Management, Data Privacy & Cybersecurity, Employee Benefits, Employment, Global White-Collar Defense, Government Investigations, Government Contracts, Intellectual Property, International Trade, Investment Management, Litigation & Dispute Resolution, Private Client, Real Estate, Shareholder Activism, Strategic Solutions, Sustainability & ESG, Tax, and Trade Secrets.
• Legal Services - Industry Practices The firm offers specialized legal services across 14 industry verticals including Accounting & Consulting, Alcohol, Artificial Intelligence Law, Digital Infrastructure, Energy & Project Finance, Financial Services, FinTech & Blockchain, Food Beverage & Agribusiness, Health & Life Sciences, Insurance, Media Entertainment & Sports, Private Equity, and Technology.
• Energy & Project Finance Legal Services McDermott provides legal counsel for large-scale energy projects, including solar developments, tax equity financing, and renewable energy transactions. Notable work includes advising Doral Renewables on the Mammoth Solar project, securing over $2 billion in financing across multiple phases.
• Healthcare Regulatory & Compliance Services The firm assists healthcare clients with regulatory matters including FDA regulations, healthcare M&A, digital health compliance, and drug pricing program issues. Notable work includes advising Zocdoc on securing OIG Advisory Opinions for its business model.
• Private Equity Legal Services McDermott advises private equity firms throughout the transaction lifecycle including fund formation, acquisitions, portfolio management, and exits. The firm is ranked among the most active law firms in PE deal volume according to PitchBook and The Deal.
• Technology Law Practice The Technology practice advises on technology sector transactions, cloud computing, SaaS/PaaS/IaaS agreements, IT outsourcing, data privacy, IP licensing, and emerging areas like IoT and social media. Services include M&A, joint ventures, and operational matters for technology companies.

Quantifiable outcome

• $2 billion+ in financing secured for Doral Renewables Mammoth Solar project
• +3 more outcomes

Named customers13 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Two partnerships are on record, tiered minor and core.

• DLA PiperminorStrategic or Co-development Partner · 31 March 2026Co-authored Chambers Global Practice Guide on US fintech regulatory landscape 2026 with McDermott practitioners.
• BXPcoreOthersMcDermott signed 150,000 square foot lease at BXP's 343 Madison Avenue tower in NYC, occupying floors 31-37 as part of campus strategy linking through Grand Central Terminal. Building is 56% pre-leased ahead of 2029 opening.

Scale indicators15 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Sullivan & Cromwell: Premier global law firm with leading M&A, PE, and capital markets practices. Direct competitor on the largest transactions and a benchmark for partner economics in elite M&A.
• Sidley Austin: Global full-service firm with leading healthcare, PE, and life sciences practices. Highly comparable to McDermott in sector focus and the depth of its healthcare regulatory bench.
• Latham & Watkins: Tier-1 global law firm with leading PE, M&A, healthcare, and energy practices. A direct competitor in cross-border deal work and a benchmark for premium BigLaw economics.
• Cleary Gottlieb Steen & Hamilton: Elite global law firm with top-tier M&A, PE, and capital markets practices. A direct competitor on the largest, most complex cross-border transactions and healthcare M&A.
• Kirkland & Ellis: Largest global law firm by revenue, dominant in private equity, M&A, and fund formation. Directly comparable to McDermott's PE platform and competes head-to-head on the largest healthcare and generalist PE mandates.
• Hogan Lovells: Global law firm with strong healthcare, energy, and PE practices and similar cross-border footprint. Direct competitor on healthcare M&A, regulatory matters, and energy project finance.
• White & Case: Global law firm with leading PE, M&A, and energy/renewables practices. Direct competitor on cross-border deal work and energy project finance mandates where McDermott has its IRA tax credit transfer franchise.
• Davis Polk & Wardwell: Top-tier US law firm with leading M&A, capital markets, and PE practices. Direct competitor on large-cap transactions and a benchmark for premium M&A pricing.
• Skadden, Arps, Slate, Meagher & Flom: Premier global law firm with leading M&A, PE, and corporate practices. Competes directly on large-cap M&A, healthcare transactions, and high-stakes litigation.
• DLA Piper: Global full-service law firm with comparable headcount, geographic reach, and a strong PE/M&A practice. Direct competitor on cross-border transactions and multi-jurisdictional matters (and a co-author of a recent guide with McDermott).

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/mcdermott-will-and-schulte
• Xx.com/mcdermottlaw
• Facebookfacebook.com/McDermottWillandSchulte

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about McDermott Will & Schulte