Goodmans
Goodmans LLP is a Toronto-based Bay Street law firm (founded 1917, 200+ lawyers) advising corporations, private equity sponsors, REITs, and mining/pharma majors on M&A, capital markets, private equity, litigation, and restructuring mandates across Canada and cross-border.
- Company typePrivate
- Founded1917
- HeadquartersToronto, Canada
- Headcount501–1,000
- GTM typeB2B
- OfferingServices
What Goodmans does
Goodmans LLP is a Toronto-based, Ontario-limited liability partnership founded in 1917, operating as one of Canada's leading Bay Street law firms. The firm fields 200+ lawyers and 501-1000 total employees and practices across core service lines including Mergers and Acquisitions, Capital Markets, Private Equity, Litigation and Dispute Resolution, Real Estate, Restructuring and Insolvency, Intellectual Property Litigation, Privacy and Data Protection, Tax, and Venture Capital, with dedicated industry groups in Mining, Technology, Cannabis, Communications and Media, Aging and Healthcare, Construction and Infrastructure, Energy, Hospitality, Sports, and Artificial Intelligence.
The firm monetizes through professional services fees — primarily hourly billing, with fixed fees for specific matters and transaction-based fees for M&A, capital markets, and private equity mandates — invoiced monthly, with retainers held in trust accounts. Distribution is relationship-led: long-term enterprise clients are sourced through thought leadership publications, ranked-directory presence (Chambers, Lexpert, Legal 500, Benchmark Litigation), industry events, and a referral network spanning investment banks, financial advisors, accountants, and the World Law Group. Marquee mandates include the C$1.5 billion Apotex IPO (the largest life sciences IPO in Canadian history), the US$7 billion Coeur Mining/New Gold acquisition, the C$4.6 billion Welltower/Amica acquisition, the C$2.3 billion Minto Apartment REIT going-private, and the C$2.2 billion GTCR/dentalcorp acquisition.
Operationally, Goodmans has integrated AI/ML document analysis, generative AI for legal research, cloud-based matter management, e-discovery, and electronic signature workflows into its core delivery, and runs a dedicated AI advisory practice. Revenue and ownership are not publicly disclosed (partnership structure); the firm operates from a single Toronto headquarters at Bay Adelaide Centre and is governed by its partners under Ontario law.
Goodmans firmographics
Firmographics- Name
- Goodmans
- Legal name
- Goodmans LLP
- Website
- https://goodmans.ca
- Company type
- Private
- Founded year
- 1917
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Goodmans LLP is a Toronto-based Bay Street law firm (founded 1917, 200+ lawyers) advising corporations, private equity sponsors, REITs, and mining/pharma majors on M&A, capital markets, private equity, litigation, and restructuring mandates across Canada and cross-border.
- Ownership category
- akta.pro rank
Goodmans industry classification
Industry- Product category
- Corporate Legal Services
- NAICS
- Legal Services (5411)
- SIC
- Services-Legal Services (8111)
- akta.pro primary industry
- Mergers & Acquisitions (M&A) & Securities Law (BPAHAAAI)
- akta.pro secondary industries
- Buy-Side M&A Advisory (FSAEAGAB), Derivatives Documentation & Legal (ISDA, CSA, Regulatory) (FSACADAN)
Keywords
Where Goodmans is headquartered
LocationHeadquarters
- HQ city
- Toronto
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
Goodmans business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Legal Services Fees: Goodmans generates revenue through professional legal fees charged to clients for legal services including M&A advisory, litigation, corporate transactions, capital markets work, and other legal counsel. Fee structures include hourly billing rates, fixed fees for specific matters, and transaction-based fees.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Monthly | Professional legal services billed at hourly rates with transaction-based fee options |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels5 records
Goodmans product offering
Product offeringCore offering
Goodmans LLP is a Canadian law firm that provides comprehensive legal services to corporate clients, institutional investors, and private equity firms. Its core offerings span Mergers and Acquisitions, Capital Markets, Private Equity, Venture Capital, Litigation and Dispute Resolution, Intellectual Property, Real Estate, Restructuring, Privacy and Data Protection, and a dedicated Technology practice advising on tech-sector M&A and regulatory matters.
Product overview
Goodmans LLP is a Canadian law firm offering legal services across multiple practice areas. The firm does not offer software products; its 'products' are legal service offerings organized into practice groups including Technology, Mergers and Acquisitions, Capital Markets, Privacy and Data Protection, Intellectual Property Litigation, Private Equity, Restructuring and Insolvency, and Venture Capital. The Technology practice advises on tech sector M&A, regulatory matters, privacy compliance, and social media law. The firm leverages internal AI tools including generative AI and machine learning document analysis for legal research and due diligence, but these are operational tools supporting service delivery, not commercial products.
Differentiator
Problem solved
Functional benefit
Quantifiable outcome
- Advised on Canada's largest ever life sciences IPO at C$1.5 billion
- +2 more outcomes
Companies that use Goodmans
Customer profileNamed customers10 records
Segments5 records
Ideal customer profiles3 records
Goodmans technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Goodmans partnerships and signals
Strategic signalScale indicators4 records
Recent moves6 records
Expansion highlights5 records
Goodmans competitors and assessment
Company assessmentDirect peers
- Torys LLP: Toronto-based Bay Street elite firm with comparable M&A, capital markets, and private equity practices. Torys is among Goodmans' closest direct competitors for the same Canadian transactional mandates and US inbound deals.
- Stikeman Elliott LLP: Major Canadian business law firm with a parallel Bay Street transactional platform and nationwide offices. Stikeman competes head-to-head with Goodmans for M&A, capital markets, and PE mandates across Canada.
- Davies Ward Phillips & Vineberg LLP: Toronto-based elite firm with a corporate/M&A and capital markets practice similar in scale and client base. Davies is regularly engaged against Goodmans on the highest-value Canadian M&A and securities mandates.
- Osler, Hoskin & Harcourt LLP: Top-tier Toronto firm with strong corporate, M&A, and capital markets practices. Osler competes directly with Goodmans for TSX listings, IPOs, and large transactional mandates.
- Blake, Cassels & Graydon LLP: National Canadian law firm with full-service corporate, M&A, and capital markets practices. Blakes competes with Goodmans across virtually all major Canadian transactional mandates and has comparable cross-border capabilities.
- McCarthy Tétrault LLP: Large Canadian national firm with broad corporate, M&A, and litigation practices. McCarthy Tétrault is a direct competitor for mid-market and large-cap mandates Goodmans targets.
- Fasken Martineau DuMoulin LLP: Canadian national firm with deep mining, energy, and corporate practices. Fasken is a frequent competitor in resource-sector M&A and litigation, areas where Goodmans also has material presence.
- Bennett Jones LLP: Calgary-headquartered Canadian firm with strong energy, mining, and corporate practices. Bennett Jones competes with Goodmans for resource-sector and Western Canada mandates that intersect with Goodmans' mining practice.
Broad incumbents
- Norton Rose Fulbright: Global law firm with substantial Canadian offices providing M&A, capital markets, and finance practices. As a broad incumbent with cross-border reach, it competes with Goodmans for large international mandates involving Canadian targets.
- DLA Piper: Global law firm with a Canadian office network advising on M&A, capital markets, and technology transactions. Competes with Goodmans for cross-border and technology-sector mandates requiring international reach.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat6 records
Key risks5 records
Key highlights5 records
Customer concentration
Goodmans social profiles
Digital presenceGoodmans financial estimates
Financial estimateRevenue estimate
Valuation estimate
Goodmans leadership team
Management profileNumber of profiles
Profiles1 record
Goodmans funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Goodmans M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Goodmans
What does Goodmans do?
Goodmans LLP is a Canadian law firm that provides comprehensive legal services to corporate clients, institutional investors, and private equity firms. Its core offerings span Mergers and Acquisitions, Capital Markets, Private Equity, Venture Capital, Litigation and Dispute Resolution, Intellectual Property, Real Estate, Restructuring, Privacy and Data Protection, and a dedicated Technology practice advising on tech-sector M&A and regulatory matters.
Is Goodmans a public or private company?
Goodmans is a private company. It is classified as management employee owned and is currently operating.
When was Goodmans founded?
Goodmans was founded in 1917. It employs 501 to 1,000 people.
Where is Goodmans based?
Goodmans is headquartered in Toronto, Canada, in the North America region.
How does Goodmans make money?
One revenue line is on record: legal Services Fees.
Who are Goodmans's main competitors?
Direct peers on record are Torys LLP, Stikeman Elliott LLP, Davies Ward Phillips & Vineberg LLP, Osler, Hoskin & Harcourt LLP, Blake, Cassels & Graydon LLP, McCarthy Tétrault LLP, Fasken Martineau DuMoulin LLP and Bennett Jones LLP. Broad incumbents are Norton Rose Fulbright and DLA Piper.
Does Goodmans have an API?
No public API is recorded for Goodmans.
What industry is Goodmans in?
Goodmans's product category is Corporate Legal Services. Its primary akta.pro industry code is BPAHAAAI, Mergers & Acquisitions (M&A) & Securities Law, with a secondary code of FSAEAGAB, Buy-Side M&A Advisory. Its NAICS code is 5411 and its SIC code is 8111.