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 02, 2021 | National Law Journal
Pandemic-Related Matters Fueled Covington's Double-Digit Revenue GrowthThe 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 EverTwo $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 GrowthConducting 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 UnclearThe 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 ListIt'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 SPACsA 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 FutureDigital 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 RolesCovington & Burling, Squire Patton Boggs and Perkins Coie appointed new leaders recently.
By Patrick Smith
6 minute read
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