Paul Hastings, which saw gross revenue break the $1 billion mark in 2014 as partner profits surged to $2.36 million, has picked up three partners from Allen & Overy and a new office in Brazil in the wake of other recent raids of note on Fried, Frank, Harris, Shriver & Jacobson and Shearman & Sterling.
Earlier this week, Paul Hastings hired Shearman & Sterling’s IP transactions co-chairman, Samuel Waxman, for its M&A group in New York, a practice that received a boost a day later when the firm also added David Shine, co-head of the M&A practice at Fried Frank and a longtime legal adviser to pharmaceutical giant Merck & Co. (Shine advised Merck last year on the $14.2 billion sale of its consumer care business to German drug giant Bayer AG.)
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