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 20, 2023 | The American Lawyer
Debevoise's Revenue Stays Flat As Profits Take A HitWith an 11.8% decline in PEP, Debevoise's growing headcount and its move to a new Manhattan headquarters contributed to some of its increased expenses last year.
By Patrick Smith
4 minute read
March 20, 2023 | The American Lawyer
Paul Hastings Lands Two Shearman Lawyers in Capital MarketsGrissel Mercado also brings expertise in Latin America as the firm sees opportunities south of the border.
By Patrick Smith
3 minute read
March 17, 2023 | The American Lawyer
S&C, Davis Polk Take Lead Roles in First Republic Rescue Plan, SVB BankruptcyLongtime S&C senior chair Rodgin Cohen is representing First Republic, while Davis Polk is working with the 11 largest banks making investments in First Republic.
By Patrick Smith
3 minute read
March 16, 2023 | The American Lawyer
With Diversified Practices and Rising Headcount, Mintz up 5% in RevenueEven with a slight uptick in the equity ranks, the firm's profits per equity partner was up 2.9%, hitting $2.16 million.
By Patrick Smith
5 minute read
March 16, 2023 | New Jersey Law Journal
Lowenstein Lays Off 16 Business Professionals in Multiple OfficesThe layoffs in New York, New Jersey, and Washington, D.C., came even after the firm saw a 12% hike in revenue last year.
By Patrick Smith
2 minute read
March 13, 2023 | The American Lawyer
Deal Watch: Wachtell, SullCrom Lead $43B Biotech Deal, Failed Banks Muddy Deal WatersEven the best week of M&A thus far in 2023 came with a wrinkle, as the collapse of two regional banks is spurring concerns about the overall banking apparatus in the United States.
By Patrick Smith
9 minute read
March 13, 2023 | The American Lawyer
Longtime Kirkland Executive Committee Leader Heads to Quinn EmanuelRichard Godfrey will be the chair of Quinn's complex multidistrict litigation practice group.
By Patrick Smith
2 minute read
March 02, 2023 | The American Lawyer
Shearman and Hogan Lovells Call Off Merger Talks"After careful consideration, we have mutually agreed that a combination at this time is not in the best interest of either firm," said a joint statement from the firms.
By Patrick Smith | Christine Simmons
3 minute read
March 02, 2023 | The American Lawyer
Beyond Excess Capacity, Pooled Services and Automation Expedite Staff LayoffsLaw firms' increasing use of national teams and push for automation are putting more business professionals on the chopping block, especially when demand falls.
By Dan Roe | Patrick Smith
5 minute read
March 01, 2023 | The American Lawyer
White & Case Lands Mayer Brown Renewable Energy Practice LeaderJeffrey Davis said new tax incentives for infrastructure and energy transition, coupled with the firm's footprint, made the timing right for a change.
By Patrick Smith
3 minute read
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