Convert to arrow function in WebStorm
Since ECMAScript 2015, I prefer using arrow functions over regular functions in most situations. Arrow functions are more concise (when used inline), and they inherit this
from the enclosing scope, making it less confusing. It doesn't take long to manually rewrite a function into an arrow function, but it can be automated.
Structural Search and Replace is one of the more powerful features of IntelliJ IDEA and other JetBrains IDEs. It allows us to replace code for a certain scope or the whole project, taking advantage of the IDE's awareness of the syntax of the supported language. When combined with custom inspections, WebStorm is able to suggest an intention action when a conversion is possible:

For inline functions, a "Convert to arrow function" intention is already predefined. However, it's not available for regular function definitions. Here's a step-by-step guide to set this up. For a quick solution, feel free to go straight for my config file.
Setup
First, go to "File" → "Settings" → "Editor" → "Inspections". Activate "General" → "Structural Search Inspection" and change the severity to "No highlighting, only fix":

Now, let's define a search and replace template. Click the "+" button under options, select "Add Replace template" and use the following patterns:
- Search template:
function $functionName$ ( $parameterNames$ ) {
$content$
}
- Replacement template:
const $functionName$ = ( $parameterNames$ ) => {
$content$
};
Don't forget to set the file type to "JavaScript". Then, define the variables by clicking the variable name in the editor and selecting "Edit filters":

Use the following values:
- functionName:
1,1
(default, hence optional) - parameterNames:
0,unlimited
- content:
1,unlimited
Note: You'll need at least WebStorm / IntelliJ IDEA 2018.1 for this feature to work for multiline JS functions because of a bug in previous versions.
Finally, save the template as "Convert to arrow function". Now, when you place the cursor within a function, press Alt
+ Return
to invoke intentions and select "Replace with ...".