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Lead Stories

Texas Legal Market Expands and Fragments as Rich Firms get Richer


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By Mark Curriden – HOUSTON – (April 24) – Texas lawyers who representing businesses generated a record amount of revenues in 2014. A new survey by The Texas Lawbook shows that business lawyers saw their workload increase significantly for the first time in years.

The biggest revenue jumps were recorded by elite and specialty law firms, while upper middle market legal shops face stagnation and uncertainty. Legal experts say that the Texas legal market is increasingly becoming a world of the "haves" and the "have nots."

Nearly 80 percent of Texas law firm leaders said they believe 2015 financials will be as good, or even better than 2014, despite obvious challenges in the oil patch. Read the extensive article for all the details.


Jackson Walker Scores $23.5 Million Settlement in DOJ Health Care Fraud Case


jromeroL By Natalie Posgate – (April 22) – A South Texas hospital has agreed to end a lawsuit with the U.S. Department Justice by paying a $23.5 million settlement to the government and the three whistleblowers who brought the litigation several years ago.

The three cardiologist whistleblowers' allegations claimed the Victoria-based hospital, Citizens Medical Center, violated the False Claims Act and Stark Act by compensating several cardiologists in excess of the fair market value of their services and illegally paying bonuses to emergency room physicians for their referrals to the hospital.


Metal Recycler Hit with Sanction After Long Battle with Oncor


jwalker1L By Kerry Curry – (April 22) - A Texas district judge ordered a waste management service provider to pay $1.5 million, including more than $500,000 in attorney fees and a $20,000 sanction, to electric delivery giant Oncor after a lengthy breach of contract battle between Oncor and metal recycler, GLM DFW Inc.


UPDATED – Exclusive: David Woodcock Says Now a Good Time to Resign SEC Post


dwoodcock3 By Mark Curriden – (April 21) – David Woodcock, the director of the SEC’s Fort Worth Regional office, said Tuesday that “now is the right time to leave.” In an exclusive interview with The Texas Lawbook, Woodcock said he has made no career plans regarding his future.

“I’m open. I’m not entirely certain what I want to do, but I am sure that I will talk to a few law firms,” he said.


Top Stories
Baker & McKenzie and Akin Gump Advise in $300 Million Utica Shale Assets Deal

Baker & McKenzie and Akin Gump Advise in $300 Million Utica Shale Assets Deal

Oklahoma City-based Gulfport Energy Corporation has agreed to purchase Paloma Partners, III from Houston-based Paloma Resources for $300 million.…

Updated – IRS Hits Wylys with ‘Unprecedented’ $3 Billion Tax Bill

Updated – IRS Hits Wylys with ‘Unprecedented’ $3 Billion Tax Bill

The IRS levied a record-setting $3.2 billion tax bill Wednesday against Dallas entrepreneur and philanthropist Sam Wyly and the estate of his brother, Charles Wyly. The IRS claims…

Prescription for Preemption:  Texas High Court Strikes Down Hurdles To Arbitration In Care Provider/Patient Agreements

Prescription for Preemption: Texas High Court Strikes Down Hurdles To Arbitration In Care Provider/Patient Agreements

A few weeks ago, the Texas Supreme Court issued a landmark holding for health care providers seeking an easier path to arbitration. The justices essentially overturned a state…

<em>I can fly it for fun—why not for profit?</em> <br />Proposed FAA Rules For Unmanned Aerial Vehicles

I can fly it for fun—why not for profit?
Proposed FAA Rules For Unmanned Aerial Vehicles

Every week it seems another business is using unmanned aerial vehicles. So why is your company still grounded? That could change soon. This article takes an in-depth…

Greenberg Traurig Prevails in $6.4 Million Health Care Billing Technology Case

Greenberg Traurig Prevails in $6.4 Million Health Care Billing Technology Case

A Dallas judge on Wednesday ordered two local companies and its owner to pay Austin-based Growtheorem $6.4 million for wrongfully cutting the consulting company out of a…

Features

Texas Rangers Corporate Counsel Kate Cassidy has a Room with a View


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By Mark Curriden – (April 17) – Lawyers often boast about the view from their office windows, but none can match the scene from Kate Cassidy’s desk: home plate at Globe Life Park in Arlington. Baseball is in her DNA. Her father was a catcher in the Minnesota Twins farm system. She was sitting in the centerfield bleachers when Kenny Rogers pitched a perfect game.

“My job is very similar to lawyers who work in just about any corporate legal department, except.." Cassidy says. "I love baseball."


Commission Supports Veterans' Access to Justice


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By Patricia Baldwin – (April 10) – The Champions of Justice Gala Tuesday in Austin raised $401,000 to support legal aid for veterans. That’s the good news. The bad news: Texas has nearly 1.7 million veterans, and resources are not sufficient to meet their demands for legal services. “Getting aid can make the difference between life and death,” said Harry Reasoner, chair of the Texas Access to Justice Commission. And while the gala brought together diverse groups of the legal community, the Vinson & Elkins attorney encouraged the state’s lawyers to do more.

The Texas Lawbook has the scoop and photos from the gala.


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Lawyers & Firms

ADJT Picks Up Dallas Lawyer Kirsten Castañeda

ADJT Picks Up Dallas Lawyer Kirsten Castañeda

Castañeda said she was attracted by the opportunity to be a part of a free-standing…

Jackson Walker Beefs Up Real Estate Practice with Four-Lawyer Group

Jackson Walker Beefs Up Real Estate Practice with Four-Lawyer Group

Alfie Meyerson, Thad Armstrong, David Jones and David Robins are leaving the only law firm…

Akin Gump Adds Tax Expert Alison Chen

Akin Gump Adds Tax Expert Alison Chen

Chen, who joins from Andrews Kurth, recently worked on the $6 billion merger of Oiltanking…

Is Mike Wortley Having a (Very Late) Mid-life Crisis? No, Just Retiring from V&E and Becoming a GC

Is Mike Wortley Having a (Very Late) Mid-life Crisis? No, Just Retiring from V&E and Becoming a GC

During the past 37 years, Mike Wortley crafted billion-dollar deals involving radio stations and dress…

What Baseball Can Do for Lawyers

What Baseball Can Do for Lawyers

Former U.S. Attorney General Dick Thornburgh admits that, when his beloved Pittsburgh Pirates defeated the…

Polsinelli Adds First Patent Litigators to Dallas Office

Polsinelli Adds First Patent Litigators to Dallas Office

Michael Pegues and Jason Wietjes said the Kansas City-based firm’s platform is more conducive to…

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Lawyers in the News

Bret Baccus
Michael Dillard
G. Lee Finley
Toby Galloway
Hilda Galvan
Marshall Gandy
Jeff Grossman
Monte James
Mark Kelly
Steve Korotash
Justin Levy
Tonya Parker
David Peavler
Josh Romero
Ed Tomko
Jim Walker
Robert Walters
Mary Jo White
John Wilmouth
David Woodcock
Kent Zimmerman

Firms in the News

Citi
Cole Schotz
Dykema
Gibson Dunn
Huron Legal
Jackson Walker
Jones Day
Kelly Hart
Latham
Morgan Lewis
SEC
V&E
Wells Fargo
Zeughauser Group

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The Texas Lawbook’s Corporate Deal Tracker reports M&A activity and securities offerings handled by lawyers based in Texas, even if those transactions involve non-Texas-based companies. The Corporate Deal Tracker ranks matters by value and includes the announcement date, the names of the companies involved and the lawyers and their law firms.

Click on each Chart to see a full listing:

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Exclusive: Texas M&A Strong in Q1, Except Oil & Gas Upstream


krose1L By Mark Curriden – (April 4) – Texas-based companies continued their aggressive pace of M&A activity during the first three months of 2015. New Mergermarket data shows that nearly every business sector, including healthcare, technology, business services and retail, continued at near record highs in Q1. The huge exception was oil and gas upstream, which is nearly dead except for the few distressed companies selling assets because they have no other option.

By contrast, oil and gas pipeline companies continued their frantic pace of acquiring and divesting assets. Energy Transfer Partners purchased Regency Energy Partners for $18 billion, which is the largest deal so far this year.

The Texas Lawbook provides in-depth coverage.