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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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May 09, 2023 | The American Lawyer

Kirkland Lures Another Capital Markets Partner From Latham

Latham partner Shagufa Hossain joined Kirkland's D.C. office, following Rachel Sheridan. Kirkland's capital markets talent grab is the latest in a series of partner moves between the two highest-grossing law firms.

By Patrick Smith

2 minute read

May 08, 2023 | The American Lawyer

Deal Watch: Dealmakers Brace for Complications From Debt Ceiling Debate

Corporate activity has been steady if not great the last few weeks, but a looming U.S. debt crisis could serve as foil to progress.

By Patrick Smith

7 minute read

May 08, 2023 | The American Lawyer

White & Case, Committing to Grow Litigation Practice, Adds Willkie Partner

Brienne Letourneau is the fourth lateral partner to join White & Case's commercial litigation practice this year.

By Patrick Smith

3 minute read

May 05, 2023 | The American Lawyer

Thompson Coburn Rides Litigation, Corporate Work to 8.5% Revenue Growth

COO Allen Capdeboscq said the firm's client and practice mix bodes well for the firm to have consistent growth: "Our largest clients account for only 3% of our revenue. We're not relying on one particular group."

By Patrick Smith

3 minute read

May 04, 2023 | The American Lawyer

Dickinson Wright Rides Litigation, Corporate Work to 11.6% Revenue Growth in Record Year

A strong showing in litigation and a bump in corporate work, a rarity in 2022, saw the Detroit-based firm cross the $300 million mark in revenue for the first time.

By Patrick Smith

3 minute read

May 03, 2023 | The American Lawyer

Young Lawyers Want Ted Lasso as Their Leader, Not Bobby Knight. Will They Get Them?

Recent examples like the Paul Hastings slide show that Big Law often talks tough like old school coaches like Bobby Knight, even as studies show that open communication and a psychologically "safe" environment are competitive advantages for businesses.

By Patrick Smith | Hank Grezlak

9 minute read

May 01, 2023 | The American Lawyer

Deal Watch: Davis Polk, O'Melveny Work First Republic Bank Buy in Busy Week for M&A

The banking vertical is causing some concerns in markets, but, apparently, the effects won't be felt just yet as dealmakers had one of their stronger weeks of 2023.

By Patrick Smith

9 minute read

April 27, 2023 | The American Lawyer

Leaning Into Diversified Practices, McDermott Lands Holland & Knight Real Estate and Private Wealth Partner

High-net-worth individual and family clients continue to make real estate investments, "despite increased interest rates and predicted headwinds," said Harris Siskind, head of McDermott's transactions practice.

By Patrick Smith

3 minute read

April 27, 2023 | The American Lawyer

Shearman's Financial Issues Mount, Sources Say, But New Leader Sees Path Forward

Senior partner Adam Hakki noted that while 2023 will be a transition year, many of the firm's practices are thriving and partners are being paid "consistent with our long-standing profit distribution practices."

By Patrick Smith

7 minute read

April 24, 2023 | The American Lawyer

Deal Watch: Paul Weiss, Skadden Capitalize on Big Week in Health Care as Overall Deal Activity Stays Light

The top three deals of the week all involved healthcare buyouts. And Paul Weiss.

By Patrick Smith

7 minute read