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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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December 04, 2023 | The American Lawyer

Deal Watch: Wachtell, Ropes Lead $10B Biotech Deal, and M&A Landscape Could Use Fewer 'Shock Waves'

Deals continue to come in, though not at a pace most would prefer. Debevoise's Michael Diz said the last couple of years have been one shock after another.

By Patrick Smith

6 minute read

December 04, 2023 | The American Lawyer

Moving to Diversify Practices, Cahill Adds M&A, Corporate Advisory Partners From Stroock

"Ultimately, as part of our strategy moving forward, the firm wants to diversify," said incoming co-chair Herb Washer. "Diversify the client base, the practices, areas of expertise."

By Patrick Smith

3 minute read

November 30, 2023 | The American Lawyer

Former McDermott Partner Sues Firm Over Nonequity Salary

David Huberman, now a shareholder at Greenberg Traurig, claims McDermott wrongly denied him a pay boost to $425,000.

By Patrick Smith

2 minute read

November 30, 2023 | The American Lawyer

Kirkland, Quinn, Davis Polk, Wachtell and Sidley Line Up to Match Cravath Salary Scale

Quinn Emanuel, which is matching the latest base salary scale and bonuses, is expecting profits to increase more than 20% this year.

By Patrick Smith

5 minute read

November 30, 2023 | The American Lawyer

Latham, Mayer Brown, Greenberg Traurig Lead 2023 Social Law Firm Index

While several law firms earned top recognition in their digital marketing, law firms overall are facing uncertainty over how to handle AI and X.

By Patrick Smith

6 minute read

November 29, 2023 | The American Lawyer

Paul Weiss, Dechert, Hogan, Proskauer and Baker McKenzie Match Cravath Salary Scale

Paul Weiss and Baker McKenzie also said they will pay "discretionary" or "premium" bonuses for high-performers.

By Patrick Smith | Justin Henry

3 minute read

November 28, 2023 | The American Lawyer

Cravath Exceeds Milbank Salary Scale for Senior Associates

Paul Hastings and McDermott said they will match the Cravath scale.

By Patrick Smith

2 minute read

November 28, 2023 | The American Lawyer

Deal Watch: This M&A Partner Just Had Two Big Deals on Same Day

Karessa Cain led Wachtell teams for eBay and Jacobs Solutions for deals announced on same day.

By Patrick Smith

8 minute read

November 27, 2023 | The American Lawyer

A Lifetime of Learning and Laughing: Gary Naftalis on Lessons Learned Amid a 50-Year Legal Career

Naftalis, recently awarded a Lifetime Achievement honor by The American Lawyer, spent his career leveraging intelligence, wit and compassion. "Don't take yourself too seriously," he reminds younger lawyers.

By Patrick Smith

5 minute read

November 27, 2023 | The American Lawyer

Paul Hastings Continues Growing Funds Practice, Landing Partner From Skadden

Anna Rips, who was at Skadden for 17 years, is the eighth partner to join Paul Hastings' funds practice in the last nine months, the firm said.

By Patrick Smith

3 minute read