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
November 21, 2023 | The American Lawyer
New York Law Firms See Good News, But Still Have Some Cause for Concern"We've been incredibly fortunate to have had a lot more stability and excitement in our own work during 2023," Wachtell's Adam Emmerich said.
By Patrick Smith
7 minute read
November 20, 2023 | The American Lawyer
Wachtell Seeks Balance Between 'Continuity and Change'The Wall Street firm may keep its same approach in firm operations for as long as possible, whether it's the firm's lockstep compensation system, partnership structure or practice-area focus.
By Patrick Smith
8 minute read
November 13, 2023 | The American Lawyer
Deal Watch: IPOs Not Coming Back in 2023Wilson Sonsini's Michael Nordtvedt noted that boards and management teams are "leaving optionality for IPOs in the second half of 2024."
By Patrick Smith
6 minute read
November 13, 2023 | The American Lawyer
Paul Weiss Hires O'Melveny Partner to Co-Chair Financial Services GroupThe New York law firm is the latest to recruit from a competitor to build its financial services regulatory group, amid sustained client demand in this practice.
By Patrick Smith
3 minute read
November 13, 2023 | The American Lawyer
Kirkland Partner Moves to Weil as NY Firm Grows Private Funds Practice in DCChristopher Scully said that Weil's funds client base "covers the full sponsor spectrum" and allows for opportunity.
By Patrick Smith
3 minute read
November 09, 2023 | The American Lawyer
'Everyone Was in the Dark': For Stroock Staff, No Communication, No Jobs"Partners were not coming into the office much over the summer, and when they did, they didn't want to deal with questions," one former staffer said.
By Patrick Smith
7 minute read
November 07, 2023 | The American Lawyer
Wachtell Appoints New Leadership, Naming Nussbaum and Savitt as Co-ChairsEd Herlihy and Daniel Neff will remain on the firm's executive committee.
By Patrick Smith
2 minute read
November 07, 2023 | The American Lawyer
Cravath Adds Non-Equity Tier as Big Law Makes Structural Changes for Competitive PayCravath has been approaching counsel-level attorneys about joining its non-equity tier since at least last summer, according to one Am Law 50 firm leader.
By Justin Henry | Patrick Smith
4 minute read
November 07, 2023 | The American Lawyer
Deal Watch: Big Week for M&A, But Big Law Dealmakers Say It May Not Last"The more significant challenge that leveraged M&A is facing is the breadth of available financing," noted Ethan Klingsberg at Freshfields.
By Patrick Smith
8 minute read
November 06, 2023 | The American Lawyer
Momentum in Big Law: Who Has It, Why and What They Do to Keep ItLeaders of Paul Weiss, Davis Polk and Paul Hastings weigh in on how they keep their firms going in the right direction. There are common threads.
By Patrick Smith
8 minute read
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