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
December 01, 2020 | The American Lawyer
Paul Hastings Changes Course, Issuing Associate Bonuses Early; Weil, Davis Polk Jump Into Bonus SeasonAfter initially delaying payouts of the additional bonus, Paul Hastings decided it didn't want its associates to wait for the normal year-end bonus schedule in March to get that extra cash.
By Patrick Smith
3 minute read
November 30, 2020 | The American Lawyer
Deal Watch: Wachtell, Davis Polk, Simpson and S&C Work Largest M&A Deal of 2020With the U.S. holiday shortening the previous week there weren't a lot of large deals, but the holiday is over and deals are back.
By Patrick Smith
5 minute read
November 29, 2020 | The American Lawyer
COVID Pushed Firms to Overhaul How They Connect With Clients. They Aren't Going Back.Firms have found new paths to connect with clients and develop business during the pandemic, and the changes appear permanent.
By Patrick Smith
7 minute read
November 24, 2020 | The American Lawyer
Sensing Opportunity With Change in Administrations, Paul Hastings Bulks Up Life Sciences Consulting ArmPaul Hastings finds some blue ocean in consulting that complements existing practices.
By Patrick Smith
4 minute read
November 24, 2020 | The American Lawyer
Through Decades of Success, Ted Wells Has Been the Essence of a LitigatorTed Wells, a 2020 Lifetime Achievement Award winner, has excelled while staying true to his principles and building a legacy rooted in social justice and mentorship.
By Patrick Smith
7 minute read
November 24, 2020 | The American Lawyer
More Market Leaders Line Up To Give Double Associate BonusesSome are tying the extra cash to a minimum billable hours requirement as they also announce year-end bonuses.
By Patrick Smith
5 minute read
November 23, 2020 | The American Lawyer
Deal Watch: BuzzFeed Buys HuffPo, Big Sale in Livestreaming in Slower Week for M&AThe mega-deals that have dotted the M&A landscape in previous weeks were largely absent, but some big deals still got done.
By Patrick Smith
6 minute read
November 20, 2020 | The American Lawyer
How Year-End Attorney Reviews Might Look a Little Different This YearSome firms are looking at 2020 as a way to push forward on decoupling year-end reviews and compensation as well as swapping one large review for several smaller ones, while others are staying the course.
By Patrick Smith
5 minute read
November 18, 2020 | The American Lawyer
To RFP or Not to RFP? A Question All Firms Need to AnswerAs clients look to drive down pricing, exert influence over team composition and evaluate potential new legal counsel, law firms have to ask themselves if the juice is worth the squeeze when it comes to many RFPs.
By Patrick Smith
7 minute read
November 16, 2020 | The American Lawyer
Deal Watch: A Double-Deal Monday for Wachtell, as Big Deals Keep on ChurningHome Depot and PNC Bank make big acquisitions, while SPACs are doing more, and larger, deals.
By Patrick Smith
8 minute read
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