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
February 28, 2023 | The American Lawyer
Proskauer Lands Cooley Strategy Leader in New C-Suite RoleThe newly created position will have broad reach over the firm's operations and is a separate role from the COO title the firm currently has vacant.
By Patrick Smith
4 minute read
February 27, 2023 | The American Lawyer
Deal Watch: Debevoise, Kirkland and V&E Lead $7B Merger, and When Are IPOs Going to Be a Thing Again?A moderately busy week in M&A saw one big deal, several smaller ones—and even an IPO. Proskauer partner Kristina Trauger sees room for optimism in IPO activity this year.
By Patrick Smith
9 minute read
February 27, 2023 | The American Lawyer
Perkins Coie Lays Off 58 Business ProfessionalsIn an internal memo, the firm cited "macroeconomic conditions" as well as "increased expenses" that surpass the rate of revenue growth this year.
By Patrick Smith
2 minute read
February 27, 2023 | The American Lawyer
Paul Hastings, Continuing Lateral Hiring Spurt, Lands White & Case LitigatorJoshua Berman, who had been at White & Case for about six years, said he anticipates many of his existing clients will make the move with him.
By Patrick Smith
3 minute read
February 27, 2023 | The American Lawyer
AI Has Gone Mainstream. Debevoise Is ReadyDebevoise's AI-dedicated practice includes Avi Gesser and six associates, up from three associates 18 months ago.
By Patrick Smith
6 minute read
February 24, 2023 | The American Lawyer
McDermott Sees 9% Revenue, PEP Growth, With 'Recession-Resistant' PracticesThe firm's equity tier declined by nearly 5%, which chair Ira Coleman attributed to normal attrition and retirements. "There is certainly always a curation, but we didn't have a formal program to de-equitize partners," he said.
By Patrick Smith
6 minute read
February 23, 2023 | The American Lawyer
After Turning Down Fired Proskauer COO, Paul Hastings Lands New Operations ChiefChris Davis, formerly acting CFO at Goodwin Procter, started at Paul Hastings this month. The firm had previously planned to hire Jonathan O'Brien before he was sued by Proskauer over allegations of stealing trade secrets.
By Justin Henry | Patrick Smith
4 minute read
February 21, 2023 | The American Lawyer
Deal Watch: Davis Polk, Simpson, Jones Day and Latham Lead Debt Offering ChargeIn the last week, Big Law handled a rash of debt offerings and SPAC combinations, as dealmakers focus on the work that is available.
By Patrick Smith
9 minute read
February 17, 2023 | The American Lawyer
Playing the 'Long Game,' Goodwin's Profits Drop 6% Even as Revenue Rises Double DigitsSpeaking shortly after the firm's layoffs, chair Robert Insolia said Goodwin's size is now appropriate for the amount of work it has, and the firm remains committed to long-term growth over short-term results.
By Patrick Smith
6 minute read
February 17, 2023 | The American Lawyer
'This is Not Reactive': Shearman Outlines Growth Strategy, Accepting Some Partner LossesShearman's leaders are seeking scale and a path to $3 billion in revenue, but they say the firm doesn't need a merger to survive.
By Patrick Smith
9 minute read
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