Carleton McKenna & Co’s Post

🌍My great friend Colin Diamond has taken on a new role at Paul Hastings LLP, joining as a partner in New York and co-chair of global capital markets. To my colleagues in 🚀 technology, 🧬 life sciences, ⚡ energy, and 🏗 industrials, you would greatly benefit from his expertise. Whether you’re entertaining an IPO, navigating public company advisories, or looking for top-tier capital markets guidance, there are few people walking this earth who would be a more knowledgeable resource for you. 🌐Colin's expertise spans U.S. and international capital markets transactions, including equity offerings, private placements, and convertible bond offerings. Further, he has played pivotal roles in some of the world’s largest IPOs, including Visa’s and Saudi Aramco’s, and has literally navigated the world's most complex financial landscapes. 📈 🥂Here’s to new beginnings and the incredible successes ahead! 🌟 I’m happy to make an introduction for anyone interested. #CapitalMarkets #PublicCompanyAdvisory #IPO #NewBeginnings #BusinessGrowth #Networking

Orlando Bound Jan 8-12? You don't want to miss the 58th Annual Heckerling Conference and the opportunity to meet my esteemed colleagues from CohnReznick LLP who will be in attendance: Daniel Kesner; Sahri Zeger, JD, AEP®; Cindy Levine Ostrager, CPA, CFP®; Anna Kamenova; Lawrence (Larry) Lipoff; Stuart Neiberg; Jason Landess, CPA; Barry Gurland. Please let me know if I can make any introductions for you. DM me. #estateplanning #taxexperts #familybusiness #valuation

National Private Client Services Leader Jo Anna Fellon shared her insights on wealth transfer and the future of family offices for Hartford Business Journal. Click to read the article. #AskMarcum #PrivateClientServices #WealthManagement

There's a lot of #biglaw good news stories floating around at the moment. Kirkland & Ellis breaking the $7bn revenue barrier for one, DLA Piper and White & Case LLP both enjoying higher PEP for others. But on the other end of the scale we are seeing some very poor financials from a few firms where profits are down and partner compensation dropping. Draws have been reduced and in some cases no bonuses are being paid, which particularly hurts the salaried partner levels. We are also seeing partner compensation bands being stretched to keep the top rainmakers sweet, but which has a negative impact on the mid ranked partners who are enjoying increased pressure for no financial reward. If you are not one of the partners for whom life is rosy, and you are outperforming your current firm and / or are unhappy with your compensation, let's have a conversation about it. You might find that financially you may not do any better anywhere else but knowing what your market worth is will either make you want to move because the grass really is greener, or pout your head down  be more content to stay knowing you can't do any better elsewhere. Reach out to your local contact in our global partner and strategy team: Australasia: Jonathan Walmsley , Daniel Hogan , Ben Smith US:  Nick Welsh , Bridget McCarthy , David Nicol, Anita Taylor London: Anita Taylor , Jonathan Marsden , Tim Andrews , Michelle Mills Europe partners: Nick Paleocrassas , Ann-Marie Goodbody , Máiréad Cremins, Steve Salem Middle East : Sonia Patel, Aaron Faith Global : Jonathan Marsden

𝑨𝒏𝒐𝒕𝒉𝒆𝒓 𝒃𝒊𝒈 𝒔𝒉𝒂𝒌𝒆𝒖𝒑 𝒊𝒏 𝒕𝒉𝒆 𝑩𝒊𝒈𝑳𝒂𝒘 𝒍𝒂𝒕𝒆𝒓𝒂𝒍 𝒎𝒂𝒓𝒌𝒆𝒕 𝒄𝒐𝒎𝒊𝒏𝒈 𝒔𝒕𝒓𝒂𝒊𝒈𝒉𝒕 𝒐𝒖𝒕 𝒐𝒇 𝒕𝒉𝒆 𝑾𝒊𝒏𝒅𝒚 𝑪𝒊𝒕𝒚! Overall it's been an encouraging 2024 thus far in the #CapitalMarkets space, with activity in the first eight months that has had many teams eyeing an even stronger close to the calendar year. I'm a big believer in the fact that perceived strength in a practice area can often be measured by notable partner/group moves, as firms will often look to bolster their ranks to lure cash cow clients or handle expected heavy workflow. So when I see a move like this in the Capital Markets space, I start to think that the decision-makers at Willkie Farr & Gallagher LLP are seeing something in the tea leaves. Earlier this week, the 100+ year old New York-born Willkie managed to lure away an 11-person team from the Capital Markets group at Chicago's own Mayer Brown... a move made right in Mayer Brown's own backyard! This group included five partners, most notably rainmaker and group co-head Edward Best, along with 20 year capital markets veteran 𝐉𝐞𝐧𝐧𝐢𝐟𝐞𝐫 𝐂𝐚𝐫𝐥𝐬𝐨𝐧 and John Ablan, Esther Chang and Susan Rabinowitz. This move is really interesting because not only does it lend belief to a resurgence in the Capital Markets space, but it also shows a tremendous amount of investment in the 𝐂𝐡𝐢𝐜𝐚𝐠𝐨 market, which has historically taken a backseat to the coastal metropolises when if comes to securities offerings. #BigLaw #lateralmarket https://lnkd.in/escN6F8H

As we've crossed into the second half of 2024, it's clear that Skadden Arps Slate Meagher & Flom has taken the lead as the top legal advisor in the robust M&A market. With a total transaction valuation of $212.5 billion, they've outpaced giants like Latham & Watkins and Kirkland & Ellis. Despite facing a milieu of economic obstacles including inflation, tight credit, and a hike in interest rates, the M&A landscape has shown resilience with deal volumes increasing by 13% compared to last year. Skadden's global head of Transactions Practice, Allison Schneirov, highlights an interesting shift towards carve-out and spin-off transactions as innovative strategies to enhance value. The energy and healthcare sectors have been the front-runners in blockbuster deals, but challenges for private equity firms are on the rise. High-interest rates push them to opt for minority investments over full acquisitions, presenting a complex landscape that tests the agility and strategic foresight of M&A professionals. It's a dynamic time for M&A, and the movements we've seen this year underscore the importance of expertise, strategic vision, and adaptability in navigating this ever-evolving market. What are your thoughts on the future trajectory of M&A amidst these challenges? Keen to learn about the roles we have for M&A lawyers or the current market in general? Reach out to [email protected] or drop me a message on LinkedIn! #MergersAndAcquisitions #LegalAdvisory #BusinessStrategy

Simpson Thacher & Bartlett LLP has appointed Katie McMenamin as a partner in the firm's #fundfinance practice. Read more about it here: https://lnkd.in/ejUfvCpE #lawfirms #serviceproviders #peoplemoves #privateequity #venturecapital #assetmanagement #alternativeinvestments

Deeply knowledgeable. Hard-working. Excellent. These are all words used to describe the Fox Rothschild attorneys selected to the 2024 Chambers and Partners High Net Worth Guide. Congrats Michael Carrico, Sandra Fava, J. Tod Hyche, Michael Maransky, Amy E. Papenhausen, Jacqueline Segal, Eric Solotoff, Julia Swain, Sarah Wentz and Scott Weston! See what else clients had to say about our team: https://bit.ly/3LsEK3d #wealthplanning #familylaw #generationalwealth

Today marks a significant moment for Cooper Parry. We've just closed our sixth deal in 2023, and it's a game-changer for us. 🚀    The deal with Haines Watts’ London and South-East (HWSE) audit and advisory businesses completed late last night.     The business is now officially part of the CP team.     12 months in the making, the deal has propelled CP to a £125m turnover, added 11 offices, 63 partners, and increased our headcount to 1,150 people. 📈    This has taken us to the next level as a genuine UK mid-market heavyweight and the UK's 11th-largest accountancy firm, marking a tripling in size over the last 12 months since we partnered with Waterland Private Equity. 💥    You can read more about the deal here: https://bit.ly/3urwfjx   #Growth #News #Acquisition #Deal #Accountancy #Welcome #Team  

Today marks a significant moment for Cooper Parry. We've just closed our sixth deal in 2023, and it's a game-changer for us. 🚀      The deal with Haines Watts’ London and South-East (HWSE) audit and advisory businesses completed late last night.       The business is now officially part of the CP team.       12 months in the making, the deal has propelled CP to a £125m turnover, added 11 offices, 63 partners, and increased our headcount to 1,150 people. 📈      This has taken us to the next level as a genuine UK mid-market heavyweight and the UK's 11th-largest accountancy firm, marking a tripling in size over the last 12 months since we partnered with Waterland Private Equity. 💥      You can read more about the deal here: https://bit.ly/3urwfjx     #Growth #News #Acquisition #Deal #Accountancy #Welcome #Team