Adding these lawyers has enabled Paul Hastings to take on more complex cases. They recently won the role of representing the creditor’s committee in the bankruptcy of crypto company FTX, beating out multiple competitors. The firm is reportedly in merger talks with several Big Law firms, including Squire Patton Boggs, McGuireWoods, and Steptoe & Johnson.

Gallardo has advised numerous high-profile clients, including AT&T, on its $1.4 billion sale of Warner Bros Games’ Playdemic to Electronic Arts and Barnes & Noble Education in its successful defense against an unsolicited takeover bid from Bay Capital Finance. With Gallardo on board, Paul Hastings is aiming to become a major player in the M&A space, taking advantage of the current complacency among some of the biggest legal players.

Though they still have some work to do to catch up with the Big Law’s elite dealmakers, Paul Hastings had a successful year in 2022, advising on $23.7 billion worth of deals – a far cry from Wall Street’s Simpson Thacher & Bartlett, who topped the Bloomberg league tables with their impressive $424 billion in deals. Despite this difference, Paul Hastings is confident that their recent legal acquisitions and moves in the M&A market will set them up for success in the coming years. With a strong team of experienced lawyers, they have all the tools necessary to make this vision a reality.

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Paul Hastings Sees Profits Rise, Despite Tightening Market