Patrick Smith
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
March 29, 2024 | Law.com
Promoting 'Comfortable Diversity' Can Impact Firms' Bottom LinesIn this week's Legal Speak episode, Chanel T. Rowe, of Johnson & Johnson, shares why she thinks promoting "comfortable diversity" can improve firms' bottom lines and how she's helping level the legal playing field.
By Cedra Mayfield | Lisa Willis | Patrick Smith
1 minute read
March 29, 2024 | The American Lawyer
With Merger Near, A&O and Shearman Retain McKinsey, KPMGThe firms said they turned to the business consultants for advice ranging "from operational integration through to ways of working."
By Patrick Smith
4 minute read
March 28, 2024 | The American Lawyer
Schulte Rides Private Capital Matters to 7% Revenue Growth as PEP Dips Amid Firm InvestmentsAs the firm's equity-only partnership expanded 13% to 78 partners last year, the firm's profits per partner dipped 7.7% to $3.34 million,
By Patrick Smith
5 minute read
March 26, 2024 | The American Lawyer
Deal Watch: Wachtell, Skadden, Cleary Land on Big Healthcare Deals; Dealmakers Stay Optimistic"People are more open to looking at M&A transactions," said Linklaters' George Casey. With inflation getting under control and the Fed expecting lower rates, "you can start thinking how you can finance."
By Patrick Smith
9 minute read
March 25, 2024 | The American Lawyer
Mintz Sees Revenue Hit All-Time High as Profits Dip Amid Office Expansion"Our profits per equity partner were down, but we baked that in," said Robert Bodian. "That reflects a significant investment in Toronto and Miami, and we finance everything through our profits."
By Patrick Smith
5 minute read
March 25, 2024 | Law.com
Womble Bond Dickinson US CEO Betty Temple on All That Lateral Growth. And How to Control It.In this week's Legal Speak episode, Womble Bond Dickinson U.S. CEO Betty Temple discusses how her firm has gone about vetting and integrating lateral candidates to fuel the firm's growth strategy.
By Patrick Smith | Cedra Mayfield
1 minute read
March 22, 2024 | The American Lawyer
Fried Frank Crosses $1B in Revenue as PEP Soars 21% and Equity Tier Declines"There was no plan for mass de-equitization," said chair Kenneth Rosh. "We do manage it [the partnership], and there were some laterals who left and some retirements."
By Patrick Smith
6 minute read
March 21, 2024 | The American Lawyer
At Goodwin, Growth Investments Scuttle Profits While Revenue Ticked UpDespite a higher head count in 2023, Goodwin said it did not plan on any force reductions in 2024.
By Patrick Smith
5 minute read
March 20, 2024 | The American Lawyer
Tech Transactions Took a Beating the Last Two Years. But These Law Firms Are Staying the CourseInterviews with leaders at tech law firms don't indicate a shift in strategy. And despite all the layoffs, their financial results and trajectories in the rankings show how they are keeping pace in the industry.
By Patrick Smith
10 minute read
March 18, 2024 | The American Lawyer
Deal Watch: Big Energy and Pharma Deals Continue to Drive M&AFive of the six announced deals over $1 billion in the last week occurred in either the life sciences or energy sector.
By Patrick Smith
10 minute read
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