Partners at Paul Hastings, Kirkland, Latham, Goodwin, and Simpson, among others, discussed the recent interest rate cut, with several saying it may take time to affect deals.
With the U.S. Federal Reserve cutting interest rates by a half point last week, Big Law’s corporate departments stand to benefit through more lucrative deals in the pipeline.
“It isn’t an if, but a when,” one dealmaker said about the impact of more activity on private credit work. But big firms are not throwing a party yet. Law.com spoke with partners at Paul Hastings, Kirkland & Ellis, Latham & Watkins, Goodwin Procter, Simpson Thacher & Bartlett, Debevoise & Plimpton, among others, and several said the rate cut may take time to jolt the markets, client industries and related deal activity.
