New Paul Hastings Boss Lopez Takes Helm With Growth in Mind

Paul Hastings is welcoming its first new leader in more than two decades Monday as Frank Lopez steps into the role as the law firm’s chairman.

Lopez, head of the firm’s global securities and capital markets practice, succeeds Seth Zachary, who presided over meteoric growth that topped out last year with $1.6 billion in gross revenue and partner profits of over $4.7 million. Zachary will remain a partner at Paul Hastings.

“Seth did a great job of leading the firm and growing it and diversifying it,” said Ralph Baxter, former leader of Orrick, Herrington & Sutcliffe. “For a lot of ...