Ed. word: Welcome to our every day characteristic, Quote of the Day.
We actually have had no departures that had been associated to the merger. Any departures both agency has seen are simply regular attrition in [Biglaw].
Recruiters use that as a possibility to shake individuals unfastened, which is a part of their enterprise. If they’re good at it, they attempt to create motion. However nothing occurred, which bodes effectively for the merger and the way optimistic the partnership feels about it.
— Ira Coleman, chair of McDermott Will & Emery, in feedback given to the American Lawyer, regarding attrition forward of the agency’s merger with Schulte Roth & Zabel, which is anticipated to shut on August 1. Leaders of each corporations are nonetheless figuring out the main points on who will head up McDermott Will & Schulte and the place all of its attorneys will work in Manhattan.
Staci Zaretsky is the managing editor of Above the Regulation, the place she’s labored since 2011. She’d love to listen to from you, so please be happy to email her with any ideas, questions, feedback, or critiques. You may comply with her on Bluesky, X/Twitter, and Threads, or join together with her on LinkedIn.
