Patrick Smith, based in New York, covers the business of law, including the ways law firms compete for clients and talent, M&A and corporate work, leadership and marketing innovation. Reach him at [email protected] or on Twitter at @nycpatrickd
January 28, 2021 | The American Lawyer
What 2021 Partner Classes Say About the State of the Legal Industry2020 was a year that saw a lot of novel conditions in the legal community, some of which spurred change in how firms looked at their incoming partnerships.
By Patrick Smith
7 minute read
January 26, 2021 | The American Lawyer
Health Care Drives More Big Law Lateral MovesSidley Austin nabbed a health care real estate group from McDermott, while King & Spalding took a practice head from Proskauer Rose.
By Patrick Smith
3 minute read
January 25, 2021 | The American Lawyer
Deal Watch: What to Expect When You're De-SPAC-ingWhat's next for all these new SPACs? And last week's noteworthy deals.
By Patrick Smith
6 minute read
January 25, 2021 | The American Lawyer
Katten Lands Ex-GC for US Commodity Futures Trading CommissionDaniel Davis will join Katten's Washington, D.C., office as partner in the firm's financial markets and funds group.
By Patrick Smith
4 minute read
January 25, 2021 | The American Lawyer
Goodwin Lands Hogan Lovells' Whole Consumer Finance Litigation TeamThe hiring of Allison Schoenthal and her team deepens the already strong practice the firm has going before the Consumer Financial Protection Bureau, which could be more impactful with the new administration in the White House.
By Patrick Smith
4 minute read
January 22, 2021 | The American Lawyer
McDermott Posts Huge Gains in 2020, Even Though It 'Never Felt Safe'In a challenging 2020, the firm saw profits per equity partner jump by 25.6%, as leadership managed conservatively and capitalized on a big health care practice.
By Patrick Smith
6 minute read
January 20, 2021 | The American Lawyer
Paul Hastings Stays Active in Lateral Market, Adds Veteran Entertainment, Tax AttorneysThe new additions, from Munger Tolles & Olson and Ernst & Young, respectively, show the firm has no intention of slowing its lateral hiring pace from 2020.
By Patrick Smith
4 minute read
January 20, 2021 | The American Lawyer
Big Law Is Adding to Its Diversity-Focused Leadership RanksFour firms have onboarded new diversity leaders, while two have appointed regional heads, potentially signaling a shift to a more localized presence when it comes to diversity and inclusion efforts by law firms.
By Patrick Smith
7 minute read
January 19, 2021 | The American Lawyer
Deal Watch: Smaller Deals, Lots of SPACsA smattering of midsize deals kept 2021 M&A on the uptick and the presence of a slew of SPAC deals shows maybe 2021, not 2020, may be the year of the SPAC.
By Patrick Smith
10 minute read
January 19, 2021 | The American Lawyer
'The Problem Is It Isn't Improving Fast Enough': High-Profile Women M&A Attorneys Weigh In on Fixing Inequity in Big M&ASeeing signs of progress on an anecdotal level, these attorneys are optimistic about the future, even though they know the numbers don't currently bear that out.
By Patrick Smith
9 minute read
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