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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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April 16, 2024 | The American Lawyer

Goodwin Continues Recruiting From Cooley, Adding Longtime Tech Industry Litigator

Patrick Gunn's clients over the years range from Zoom and eBay to Facebook founder Mark Zuckerberg and Oracle founder Lawrence Ellison.

By Patrick Smith

3 minute read

April 16, 2024 | The American Lawyer

Showcasing Resilience of the Industry, Am Law 100 Firms Turn in Strong 2023

After taking a couple of body blows in 2022 and not knowing how the legs would hold up, Big Law was just waiting to counter.

By Patrick Smith

10 minute read

April 15, 2024 | The American Lawyer

Deal Watch: Freshfields, Fenwick, Simpson, Skadden Lead Megadeals as Geopolitical Concerns Muddy M&A Bounceback

Mega M&A deals continue to power the deal market recovery in 2024 while headwinds continue to multiply.

By Patrick Smith

10 minute read

April 15, 2024 | The American Lawyer

Big Law Better, Explained

In this week's Legal Speak episode, McDermott Will & Emery Chair Ira Coleman explains "Big Law Better," his idea on where the legal sector is moving and what elements of previous iterations the industry should be looking to maintain and which it should perhaps relegate to times gone by.

By Patrick Smith

2 minute read

April 15, 2024 | The American Lawyer

Orrick Lures Kramer Levin's Life Sciences Practice Head

"We see her as another game-changing addition to our growing national team handling cutting-edge cases," noted Alyssa Caridis, co-head of Orrick's IP business unit, about Irena Royzman.

By Patrick Smith

2 minute read

April 11, 2024 | The American Lawyer

Boosted by Restructuring and Lit Practices, Brown Rudnick Sees 6% Revenue Gain

Profit growth slowed in 2023, as the firm's equity tier expanded by nearly 5% to 60 partners and Brown Rudnick's PEP inched up by 0.2% to $1.68 million.

By Patrick Smith

5 minute read

April 08, 2024 | The American Lawyer

Deal Watch: Kirkland, Simpson, Latham, Cravath Lead $13B Endeavor Buy

At least nine large law firms got a share of the work from Silver Lake's buy of Endeavor Group. The deal is another example of megadeals that are in bloom this year.

By Patrick Smith

9 minute read

April 08, 2024 | The American Lawyer

Elite New York Law Firms Outperformed Market, as Firms Invested in Both Equity, Nonequity Tiers

Several New York law firms last year even bested their 2021 performance during the heyday of the deal market.

By Patrick Smith

19 minute read

April 05, 2024 | Law.com

As 'Social Inflation' Helps Fuel 'Nuclear' Verdicts, Insurers Address 'Legal System Abuse'

In this week's Legal Speak episode, James Whittle with the American Property Casualty Insurance Association dives into the impact of what the organization has dubbed "legal system abuse" as social inflation—the belief that large corporations are "bad actors with deep pockets"—helps fuel "nuclear" verdicts.

By Cedra Mayfield | Patrick Smith | Elana Ashanti Jefferson

1 minute read

April 04, 2024 | The American Lawyer

Cahill Drops 2.9% in Revenue as Firm Plans Long-Term Adjustments

Firm chair Herb Washer said Cahill is looking to diversify its practice mix to mitigate the highs and lows of a market-dependent practice.

By Patrick Smith

6 minute read