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 14, 2024 | The American Lawyer
Willkie Continues Growth Run, Seeing 8.7% Rise in Revenue and 29% Expansion in Nonequity TierAmid a string of laterals and promotions, the firm's partnership expanded, with about a 3.5% increase in the equity tier and a 29% rise in the nonequity tier, up to 121 partners.
By Patrick Smith
5 minute read
March 14, 2024 | The American Lawyer
McDermott Grabs 7-Attorney White-Collar Group From Orrick, Plus SDNY Cybercrime Prosecutor"I am convinced the firm is truly committed to investing in this," new arrival Guy Singer said of the white-collar investigations practice.
By Patrick Smith
4 minute read
March 13, 2024 | The American Lawyer
'Outrunning the Bear,' Cooley Posts Revenue High Amid Head Count Decline"We did more than our share of capital markets work in the crappiest market we have seen in a long time," said Cooley chair Joe Conroy.
By Patrick Smith
5 minute read
March 12, 2024 | The American Lawyer
Paul Weiss, Seeing Record Year in Revenue and Profits, Plans Compensation, Partnership ChangesThe growth, including crossing the $2 billion mark in revenue, comes as Paul Weiss has decided to move to a two-tier partnership and a black-box compensation system for partners, said firm chair Brad Karp.
By Patrick Smith
7 minute read
March 12, 2024 | The American Lawyer
White & Case, Reversing Revenue and Profit Slides, Rides Out Practice Growth in 2023The firm had several outperforming practices in a year in which it saw its first leadership change in almost two decades.
By Patrick Smith
5 minute read
March 06, 2024 | The American Lawyer
Proskauer Sees Slight Revenue Drop, Showing 'Great Strength' With HeadwindsAfter client activity slowed down in 2023, chair-elect Timothy Mungovan said Proskauer is very bullish on 2024.
By Patrick Smith
6 minute read
March 05, 2024 | The American Lawyer
Fried Frank Lands Paul Weiss Finance PartnerMonica Thurmond was a former deputy chair of the corporate department at Paul Weiss.
By Patrick Smith
2 minute read
March 04, 2024 | The American Lawyer
Deal Watch: Davis Polk, Latham and Simpson Land on Rising Debt Deal WorkThe number of announced debt offerings hit an all-time high for the Deal Watch column in the last week, with no fewer than 20.
By Patrick Smith
11 minute read
March 04, 2024 | The American Lawyer
Freshfields, Recruiting From Latham, Hires New Leaders for Private Capital PracticeThe two "represent some of the largest private equity sponsors in the world," they said in an interview, noting they were impressed with Freshfields' growth in corporate ancillary practices.
By Patrick Smith
4 minute read
March 04, 2024 | The American Lawyer
Cravath M&A Partner Moves to White & Case, Attracted to Firm's Cross-Border PracticeWhen asked why an established M&A attorney would leave Cravath, he said it was about looking to the future.
By Patrick Smith
4 minute read
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