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Citi: Texas Firms Experiencing Headcount, Revenue Growth So Far in 2024 - Texas-based corporate law firms experienced strong headcount, demand and revenue growth during the first nine months of 2024, according to new Citi Law Firm Group data provided to The Texas Lawbook. The dozen or so law firms headquartered in Texas increased their year-over-year lawyer headcount during the first three quarters by three percent, compared to 1.3 percent for firms nationwide. Those firms grew equity partnership by 2.2 percent, which compares to zero percent nationally, according to Citi’s exclusive data. November 17, 2024
November 14 — The Day Fulbright & Jaworski Changed the Texas Legal Landscape Forever - Fulbright & Jaworski was the biggest of the Big Three in Texas a dozen years ago. For the past century, Fulbright, Baker Botts and Vinson & Elkins reigned as the masters of corporate law in Texas. Lawyers at the trio didn’t need to do much business development because clients rushed to their offices when they needed big-time help. Fulbright and her two sister firms — all headquartered in Houston — represented Texas’ biggest businesses and wealthiest citizens. Each employed about 700 attorneys, and they reported roughly the same revenues and profits. The best students at all the Texas law schools prayed one of the Big Three would extend them an offer. Lawyers joined Fulbright and stayed until they retired. Even as national law firms dipped their toes in the Texas legal market waters, leaders at the Big Three swore they would never merge. Texas forever.
Then came Nov. 14, 2012. And everything changed. November 14, 2024
Expert Voices
Evil Robots and Data Privacy - This article contemplates an artificial intelligence hypothetical given to a dozen Silicon Valley attorneys at an annual meeting of in-house lawyers and general counsel. The takeaway: as AI expands, it will increasingly become necessary for attorneys and their clients to understand exactly what tools are available to them to improve their models and avoid an increasing number of ethical and legal pitfalls. November 19, 2024
Fifth Circuit Affirms Dismissal Of ‘Anti-Woke’ Hiring Bias Suit - The case implicated issues at the forefront of the American social, political and legal consciousness. Practically speaking, the decision has implications and reminders for employers in the education sector and beyond. November 18, 2024
