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Patrick Smith

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

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March 02, 2021 | National Law Journal

Pandemic-Related Matters Fueled Covington's Double-Digit Revenue Growth

The D.C. giant saw profit per equity partner growth but it was outpaced by revenue, the inverse of what many peer firms found in 2020.

By Patrick Smith

5 minute read

March 01, 2021 | The American Lawyer

Deal Watch: The Biggest February for M&A Ever

Two $10 billion-plus deals highlight another strong week in a big February for M&A. And what is going on with SPAC valuations?

By Patrick Smith

13 minute read

March 01, 2021 | The American Lawyer

Firms Rallied in Response to the Pandemic, but How Long Can That Intensity Last?

For all the success Big Law had in 2020, in large part due to a common rallying cry, a new problem now comes into play: What happens when that unifying crisis is no longer there?

By Patrick Smith

6 minute read

February 26, 2021 | The American Lawyer

Bucking Pandemic Cost-Cutting Trends, Paul Weiss Still Managed Double-Digit Growth

Conducting no layoffs, austerity measures or equity partners cuts didn't stop the New York legal giant from having a strong financial showing in a year that tested how firms keep their shops.

By Patrick Smith

6 minute read

February 25, 2021 | The American Lawyer

Jones Day Back on Hacker Target List, Reasoning Remains Unclear

The firm declined to comment on the matter, and the hacker group could not be reached.

By Patrick Smith

2 minute read

February 24, 2021 | The American Lawyer

Jones Day Removed From Hacker's Target List

It's unclear why Jones Day was removed. How to prevent similar breaches at law firms is a complicated question.

By Patrick Smith

5 minute read

February 22, 2021 | The American Lawyer

Deal Watch: Big Deals in Banking, Energy and 27 New SPACs

A couple of $7 billion-plus deals hit the books to wind down February, and it seems everyone has a SPAC.

By Patrick Smith

13 minute read

February 22, 2021 | The American Lawyer

What Law Firms Learned About Digital Marketing in 2020 and What It Means For the Future

Digital marketing methods that took a back seat in the past are now coming naturally to law firms and their business leaders.

By Patrick Smith

6 minute read

February 18, 2021 | The American Lawyer

'A Tale of Two Halves': Dickinson Wright Ups PEP by 15%

Like many firms, revenue was up, but not near as much as profitability as lower expenses and higher-end work helped partner profits surge.

By Patrick Smith

5 minute read

February 17, 2021 | The American Lawyer

More Women of Color Take On Big Law Leadership Roles

Covington & Burling, Squire Patton Boggs and Perkins Coie appointed new leaders recently.

By Patrick Smith

6 minute read


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