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November 15, 2023 | The American Lawyer

White & Case Among Trio of US Firms Announcing Global Partner Promotions

Cleary Gottlieb and Ropes & Gray have also elevated people across their global offices.
6 minute read
November 14, 2023 | The American Lawyer

Big Law Mergers: How to Catch a Falling Knife

History suggests that acquiring a "falling knife firm" can be accretive for the acquiring firm but that it requires something of the order of a 30% reduction in the equity partner ranks at the acquired firm, Hugh Simons writes.
9 minute read
November 13, 2023 | The American Lawyer

Deal Watch: IPOs Not Coming Back in 2023

Wilson Sonsini's Michael Nordtvedt noted that boards and management teams are "leaving optionality for IPOs in the second half of 2024."
6 minute read
November 02, 2023 | The American Lawyer

Big Law Firms Call on Top Law Schools to Condemn Anti-Israel Protests, Harassment

A group of more than 200 leading law firms implored law schools to reign in "anti-Semitic activities" on campus as Israel's response to the Oct. 7 attacks draws protest worldwide.
8 minute read
November 01, 2023 | The American Lawyer

Partners Reluctant to Merge Can Tank Firms' Chances at Growth, Survival

Stroock & Stroock & Lavan missed its window of opportunity to find a merger partner, and now the firm is shutting down. Could leaders have done anything to secure greater support for their plans?
5 minute read
October 30, 2023 | The American Lawyer

How Big Law Mergers Succeed: The Quiet Part Out Loud

In short: mergers between healthy firms work, Hugh Simons explains, detailing data that shows adding an unhealthy firm into the mix is a recipe for multi-year declines in PEP rank.
6 minute read
October 24, 2023 | The American Lawyer

Deal Watch: Paul Weiss, Wachtell Lead $53B Energy Deal. How Many More Can We Expect?

"There may not be many mega-deals left, but we are likely to continue seeing consolidation in the industry," observed Luis Gomar, partner at Paul Hastings.
8 minute read
October 16, 2023 | The American Lawyer

Deal Watch: Something Is Amiss in Hong Kong

Anemic deal activity has law firms adjusting their staff levels and strategy in the region.
7 minute read
September 27, 2023 | The American Lawyer

In-House Counsel: Big Law's Clear and Present Danger

Hugh Simons looks at the growth of in-house counsel, the future impact of Gen AI and what it will really take to be an equity partner in Big Law moving forward.
9 minute read
September 25, 2023 | The American Lawyer

The China Dilemma: Should Law Firms Call It Quits?

U.S. leaders are finding it harder to justify substantial presences in China.
4 minute read

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