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 15, 2023 | The American Lawyer
Proskauer Again Sees Record Revenue and Profits in Year of 'Large Transactions and Trials'The percentage growth wasn't as high as in 2021, but the firm's 2022 performance managed to build on that banner year and then some.
By Patrick Smith
6 minute read
February 15, 2023 | The American Lawyer
Skadden Lands Morrison & Foerster Securities Litigation Co-ChairMark Foster is Skadden's first lateral partner hire of 2023, highlighting the law firm's focus on securities litigation, especially in Northern California.
By Patrick Smith
2 minute read
February 14, 2023 | The American Lawyer
'In Every Sector For Every Client': Katten Takes Broad Approach in New ESG PracticeLeaders of the group, India Williams and Johnjerica Hodge, who are both women of color, said their diversity is an asset when it comes to taking a holistic approach.
By Patrick Smith
3 minute read
February 13, 2023 | The American Lawyer
Deal Watch: Davis Polk and Others See See Steady Activity in Debt DealsJohn Meade of Davis Polk said he has seen an uptick in a subset of the investment grade debt market, particularly in "green" or "sustainable" type deals.
By Patrick Smith
7 minute read
February 13, 2023 | The American Lawyer
The Series: The Lawyers Are Not All RightThe Law.com series on how lawyers and the workplace have been altered by the pandemic era.
By Andrew Maloney | Patrick Smith | Hank Grezlak
2 minute read
February 13, 2023 | The American Lawyer
Bolstered by Kirkland Laterals, Akin Gump Launches in BostonThe law firm sees opportunities in financial restructuring, credit, private equity and investigations practices in Boston.
By Patrick Smith
3 minute read
February 13, 2023 | The American Lawyer
What Happens to Law Firms if Lawyers Don't Think They Need Them?Legal market "free agency" has only grown during the pandemic era, as isolation and uncertainty frays the bonds many lawyers had with their firms.
By Andrew Maloney | Patrick Smith | Hank Grezlak
10 minute read
February 08, 2023 | The American Lawyer
Shearman & Sterling Lays Off Associates and StaffThe firm said it is laying off 26 business professionals and 12 associates, "focused mainly on transactional practice areas most affected by current and projected market conditions."
By Patrick Smith
3 minute read
February 06, 2023 | The American Lawyer
Deal Watch: Cravath, Dechert, Simpson and Schulte Guide Financial Firm Merger Amid Another Slow M&A WeekWhile Big Law steered a few big announced mergers in the last week, mega deals continued to trickle. A slowdown in leverage finance deals was partly behind last year's drop in M&A. And it may continue this year.
By Patrick Smith
5 minute read
February 06, 2023 | The American Lawyer
Generational Tensions Rise as Law Firms Move to Post-Pandemic ModeWith four generations co-mingling in the workplace, and some law firms demanding a return to the office, more conflicts are arising in law firms.
By Andrew Maloney | Patrick Smith | Hank Grezlak
9 minute read