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If not, why not!? #Secondaries has been gathering significant pace, both in terms of new entrants to the market, capitalization and lateral roles in the BigLaw market. If you're a funds lawyer and you haven't got experience in the space, why not? Yann Robard of Whitehorse, now re-branded as Dawson, has been very vocal about the opportunities that lay ahead for Secondaries. Nigel Dawn of Evercore is positive about the future too, stating that Secondaries is about to see the 'biggest change' in 20 years due to all of the new entrants. We've seen PE lawyers pivot into the Secondaries market over the past few years, but re-tooling is less common now due to supply and experience. However, if you're a funds lawyer and you get the opportunity to work on a Secondaries deal -- take it with both hands. With the right firm and team, it's a practice area that is going to set you up for success and help recession-proof your practice. Having worked in the space myself, I'm working on numerous roles across the elite and mid-market firms and can help strategize your lateral move within the space. Reach out for a chat anytime. #biglaw #secondaries #privateequity #investmentfunds

Despite market constraints, there is still room for creativity in the lateral Biglaw space. Sure, a pivot from cap markets to tech transactions or from exec comp to private equity is nearly impossible. However, if your restructuring practice leans too lit heavy, you can find a platform that does more of the transactional piece. If your finance work is too lev fin oriented, there are groups that will broaden your desk beyond the commitment paper grind. If you've done three years of buyout work, you can target teams that will get you in front of strategics. The key at the moment is that you have multiple years of big firm experience in the States. The main sources of value that we're attacking these days include optimized breadth of deals/matters, culture, room for growth, client exposure, exit options, geography, and internal structure.

Hey, M&A lawyers, are you ready?   In 2024, the M&A landscape seems ready to take off, particularly in private equity.   Private equity deals have dipped over the last two years, but some industry insiders at Cooley LLP, Baker Botts, and Latham & Watkins expect a strong comeback this year, especially in the second half.   Especially interesting is that they’re expecting creative deal-making strategies like carve-outs, minority-stake deals, and intricate debt covenant arrangements, addressing the accumulated demand.   It seems like a lot of work for M&A lawyers! I'd love to hear what you think.   #PrivateEquity #MandA #BusinessStrategy #2024Outlook #LawyerLife #LawNews

Buckle up folks, Memorial Day 🇺🇸 weekend is here, and while that might mean a slow down for some, the #Biglaw lateral market is about to shift gears -- with more job opportunities hitting the market and Partners starting to prepare for the end of year rush. Funds, Finance, Private Equity/M&A, Employment and Data Privacy talent across the Biglaw space have (or are about to have) serious pulling power in the market. Reach out if you would like to discuss more. ➡ Leveraged Finance NY/TX (open to Australians & Canadians) - 2022+ ➡ Registered Funds (multiple locations) - 2020+ ➡ Secondaries (multiple locations) - 2021 - 2018 ➡ Funds (PE / Fund Formation) NY - 2021+ ➡ Capital Markets NY - 2020+ ➡ Private Equity and M&A NY/TX - 2021+ ➡ Secondaries Partner (book of business to be discussed) Get in touch directly or by cell! Stay safe #biglawcareers #biglaw #privateequity #secondaries #funds

It's a short week with the 4th of July holiday upcoming, but firms are still interviewing and offers are being extended. If you're looking for information on opportunities in your practice area, feel free to reach out. Bonuses are being pro-rated for the year and firms are increasingly focused on shoring up their California offerings to be a core part of firmwide practices with larger group sizes relative to local competitors. Teams from San Diego to the Bay Area are still keen on seeing talent in the following areas. - Investment Funds & Asset Management - Private Equity M&A, Corporate M&A - IP Transactions & Litigation - Antitrust & Competition - Debt Finance - Commercial Real Estate #legalmarket #biglawcareers #legalhiring

Partner roles across NYC, Texas and California | We post less often on Linkedin about the work our US Partner team does as a lot of the work is focused on search assignments we are retained on. However, here is a taster of some of the roles our team are working on: New York - Capital Markets - AmLaw 50 firm looking do develop its cap markets capability in the tech and life sciences space. Lots of institutional buy-in from firm leadership to develop this. Particularly strong in the mid-cap space. Houston - Project Development with an Am Law 15 firm with an extremely well-regarded energy group. We have placed multiple partners with this firm globally. San Francisco - Private Fund Formation - the leadership of this Am Law 50 firm have identified California as the number 1 growth priority for the firm. This firm already has a very strong reputation in both the funds, and mid-market PE space. However, there is lots of growth potential for someone joining this office. LA - ECVC - this firm has a well-developed ECVC group with a leading reputation in the US market. However, it is underweight in LA. This is a firm where there are no barriers for lateral Partners securing a leadership position. To arrange a confidential discussion about any of these roles please contact me at david.nicol@marsdengroup.com or reach out to Nick Welsh, Anita Taylor or Bridget McCarthy Follow me for more #biglaw market commentary, intel and roles.

Monday Market Updates The first Monday of November brings with it a number of changes across some of the biggest US markets: - Cooley LLP opened up their Miami office last Wednesday to become the latest US firm in Miami. The Silicon Valley based law firm cited this as an opportunity to work with technology and venture capital clients. - Debevoise & Plimpton has added former co-head of Goodwin's Technology M&A group, Alessandra Simons, as a partner in their San Francisco office. As the firm looks to expand their presence out west, Aly's experience in the SF market will help them do just that. - Simpson Thacher & Bartlett LLP adds former V&E Energy & Infrastructure partner Gabriel C. de Paula e Silva to join their group in New York. This addition is a massive boost to their Latin American M&A practice group. - Willkie Farr & Gallagher LLP, Reed Smith LLP, and Morrison Foerster have made additions to their DC office across the regulatory, media, energy, and/or white-collar defense groups.

2023 M&A Numbers in Legal: $5.39 Billion (down 85%) over 95 deals (down 33%). But there was something very peculiar last year… Here are 3 of 7 Spark Exit Dashboards we use to track exits in legal globally and this is what they tell us: Slide One: Categories  - Law firms: 21% - Contract Tech & Litigation Tech each 10.5% - Median exit age: 10.3, down 21.6%* *founders exit sooner 🥳 Top 3 return on investments (ROI): - 18.13 - 10.11 - 9.97 Slide Two: Exits in the last 10 years tell us: 2022 was crazy 🤪 in both exits and valuations...now we know better Slide Three: Top 20 M&A Cities tell us that most of the action is in London. So what was so peculiar? We shared our 2024 views with Law360 https://lnkd.in/euRmpgsN We’ll release our full insights this Friday from the perspective of a founder, not an investor…stay tuned 🤓 #legal #mergersandacquisitions #LeverageBuyout 

Thrilled to see our Private Fund Transactions Team recognized by Chambers and Partners as Band 1 in the new category of Private Equity: Secondaries! Hats off to Chambers for recognizing the staggering growth of this market, and big thanks to all our clients and peers who took the time to share feedback on their experience working with our team, including: "They're the most deal-oriented of all the different teams I work with. We don't like to do things plain vanilla, we're open to creative thinking, and Debevoise knows we want to approach things with a blank slate." “There's a tight team structure for complex deals, meaning items are not lost in translation between internal teams." "There's excellent attention to detail and they're very knowledgeable about the market. It's a strong team, from paralegals through to senior partners." https://lnkd.in/e2NS7HTS  

Special Situations groups at top law firms are arguably the most active and aggressive in the current New York lateral market. The best teams are prioritizing associates who have on point experience (e.g., distressed lending/M&A and restructuring), but a background in lev fin and/or distressed M&A with an interest in special situations can still yield traction. With the right process, financial incentives are in play here. sd@damatosearch.com