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 28, 2022 | The American Lawyer
Deal Watch: Big Deals Shore Up March, SPAC Combinations Start to Hit Stride and Instacart Marks Itself DownThe end of the first fiscal quarter saw a strong January, a slow February and two megadeals to close out March.
By Patrick Smith
8 minute read
March 28, 2022 | The American Lawyer
At Paul Hastings, Revenue and PEP Jumped 20% in Banner YearLongtime firm chair Seth Zachary's final full year at the helm saw Paul Hastings close in on $5 million in PEP and hit $1.5 billion in revenue.
By Patrick Smith
4 minute read
March 24, 2022 | The American Lawyer
Debevoise Sees PEP Cross $5 Million Mark for First Time in 'Capstone' YearPresiding partner Michael Blair said the strong 2021 numbers were the continuation of a five-year trend of ever-improving financial results.
By Patrick Smith
5 minute read
March 24, 2022 | The American Lawyer
From Virtually Absent Atop the Deal Charts to No. 1: Goodwin's 10-Year Journey to the TopA look at how Goodwin went from handling 85 deals a year less than a decade ago to more than 1,100 this year, topping the deal volume charts.
By Patrick Smith
13 minute read
March 11, 2022 | The American Lawyer
Paul Weiss Crosses $6 Million in PEP, Sees Revenue Jump by 20%Revenue and profit surges were driven by record demand and higher realization, even as the firm suffered from some attrition last year.
By Patrick Smith
5 minute read
March 10, 2022 | Law.com
Bring in the Pros: To Keep Key Clients, Firms Are Turning to Business Expertise"If I call up the best heart surgeon in the country and they answer their own phone on the first ring, that would be a cause of concern for me," University of Pennsylvania Carey Law School chief innovation officer Jennifer Leonard said.
By Patrick Smith
4 minute read
March 10, 2022 | The American Lawyer
McDermott Adds 4 Partners From Big Law Competitors to Bolster Transactions PracticeThe new hires come from Troutman Pepper Hamilton Sanders, Clifford Chance and Hunton Andrews Kurth.
By Patrick Smith
3 minute read
March 08, 2022 | The American Lawyer
Reversing 2020 Results, Shearman & Sterling Grew PEP 58% in 2021 on Double-Digit Revenue GainsThe firm's 2021 results more than made up for the year before, with gross revenue growing 17.5%.
By Patrick Smith
4 minute read
March 07, 2022 | The American Lawyer
Deal Watch: M&A Hits $740B YTD, but February Was Slow Compared to 2021While January 2022 exceeded 2021 totals, February saw deal value drop by a third compared to last year.
By Patrick Smith
8 minute read
March 04, 2022 | The Legal Intelligencer
As Salary Hikes Spread Through Law Firms, Expect Stratification and Strategic ShiftsWith pressure to adjust pay rising across the industry, recruiters say the changes will lead to lateral movement and creative strategies for attorney compensation.
By Justin Henry | Patrick Smith
6 minute read
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