McDermott Will & Emery is picking up six transactional partners as builds out across the U.S. amid record levels of corporate and transactional activity for law firms in the wake of the coronavirus pandemic.
The six new partners are joining from Kirkland & Ellis, Goodwin Procter, DLA Piper, Foley & Lardner, Hunton Andrews Kurth, and Bryan Cave Leighton Paisner. They are joining McDermott’s Chicago, Washington, Atlanta, Dallas, New York, and Los Angeles offices, respectively.
“Strategically, the hires reflect the fact that we continue to build out and add more depth to our transactional practice in a variety of different ways,” said McDermott’s head of strategy Michael Poulos in an interview with Bloomberg Law Thursday.
Poulos said the firm is adding depth to existing leading practices like healthcare, but also diversifying its transactional offerings around other sectors like energy.
The firm is also investing in key geographies to meet client demand, like Texas. Poulos noted that the firm is actively looking to open an office in Austin in 2021.
McDermott sees a need for strategic growth to meet client demand amid record levels of corporate and transactional activity. McDermott, like other firms, is growing after posting record profits in 2020, with $1.4 billion in gross revenue and $2.5 million in profits per partner, according to Am Law figures.
“Our strategic plan is to build out and double down in all the major financial markets around the world,” Poulos said.
In March, the firm picked up the U.S. chair of DLA Piper’s energy sector Jack Langlois and partner Jibin Luke as a part of its transactions practice group in Houston. It also picked up King & Spalding partner Anne Cox-Johnson in Atlanta.
Among the latest hires, Kirkland & Ellis partner David Wolff is joining McDermott as head of its Chicago real estate practice. He works with private equity sponsors, real estate investment trusts, developers, and capital providers in commercial real estate, real estate finance, and other transactions.
David Solander is joining McDermott’s Washington office from Goodwin Procter where he worked with financial services firms on regulatory and compliance issues related to the asset management industry. In Los Angeles, McDermott is bringing on Bryan Cave commercial real estate partner Mal Serure.
Hunton Andrews Kurth partner Parker Lee, who works with corporations and investors in executing transactions and commercial contracts in the energy and infrastructure industries, is joining the firm in New York. He recently represented San Antonio-based Stakeholder Midstream LLC in its purchase of assets from Santa Fe Midstream.
In Texas, the firm added Foley & Lardner partner Marcus Helt, who focuses on restructuring and insolvency matters.
DLA Piper’s Brian Gordon, who works with venture-based technology companies, venture capital, and private equity firms, is joining McDermott in Atlanta. The office there launched in May 2020 with a trio of partners from DLA Piper and subsequently has brought on lawyers from Kasowitz Benson Torres, Jones Day, and Alston & Bird.