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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
January 8, 2024 | The American Lawyer
"We are cautiously optimistic the healthcare and pharma IPO market will gain strength in 2024," said McDermott partner Todd Kornfeld.
By Patrick Smith
7 minute read
January 4, 2024 | The American Lawyer
Amid the battle for the top M&A spot, 2023 was the slowest full-year period for dealmaking since 2013.
By Patrick Smith
4 minute read
January 2, 2024 | The American Lawyer
Frank Aquila, partner in Sullivan & Cromwell's corporate group, said the tempering of inflation and the broader economic news that ushers in could be a boon for M&A in 2024.
By Patrick Smith
11 minute read
December 20, 2023 | The American Lawyer
"The overwhelming majority of our colleagues are complying," noted Davis Polk's Neil Barr. "I know not everyone loves it, but from the institution's perspective, we are in a good spot."
By Patrick Smith
6 minute read
December 18, 2023 | The American Lawyer
The firm's moves are consistent with a slew of large law firms making staff and associate cuts in 2023, as firms focused on efficiency, outsourcing and productivity in a year of declining demand.
By Patrick Smith
8 minute read
December 11, 2023 | The American Lawyer
In-office mandate adherence will be a factor in overall pay for Simpson personnel, with the firm saying noncompliance could affect compensation, sources said.
By Patrick Smith
2 minute read
November 30, 2023 | The American Lawyer
David Huberman, now a shareholder at Greenberg Traurig, claims McDermott wrongly denied him a pay boost to $425,000.
By Patrick Smith
2 minute read
November 29, 2023 | The American Lawyer
Paul Weiss and Baker McKenzie also said they will pay "discretionary" or "premium" bonuses for high-performers.
By Patrick Smith | Justin Henry
3 minute read
November 28, 2023 | The American Lawyer
Paul Hastings and McDermott said they will match the Cravath scale.
By Patrick Smith
2 minute read
November 28, 2023 | The American Lawyer
Karessa Cain led Wachtell teams for eBay and Jacobs Solutions for deals announced on same day.
By Patrick Smith
8 minute read
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