The results contrast with Haynes and Boone’s fall survey, which found the largest share of respondents predicting a 10% decrease during redetermination season.
Several law firms in Texas are rolling out pro bono efforts in light of the spreading coronavirus and the need for supplies and resources in their communities. The Texas Lawbook will be writing about them as part of its continuing coverage, so please let us know how your firm is participating.
The Texas Lawbook is providing continuous coverage of the impact of COVID-19 on the legal profession in Texas.
Preliminary data shows that global deal value slid 28% in the first quarter, with private equity firms making up a bigger chunk. Texas dealmakers haven’t been immune, although last week saw flat activity year-over-year with deal closings, restructuring work and private equity reloading to hunt for opportunities.
The new shareholder has in-house experience, including as general counsel at private equity-backed Northern Star Generation.
Exclusive data collected by The Texas Lawbook’s Corporate Deal Tracker shows that transactions handled by lawyers in the state dropped by a quarter on a volume and value basis last year, thanks to the unpopular oil and gas sector. And 2020 is expected to be much worse given the coronavirus, uncertainty in the financial markets and low oil prices.
Simpson Thacher picks up a former Blackstone managing director while a Texas utility brings on a Kirkland associate as general counsel.
Two big transactions involving Texas lawyers helped move the value needle last week, despite shaky-looking deals in the rest of the M&A world thanks to the coronavirus.
Dealmaking among Texas lawyers was way down this past week, thanks to the spreading coronavirus and sliding oil prices. But transactions were already sickly even before the recent COVID-19 fears. Claire Poole explains.
Ryan Cox was co-head of Haynes and Boone’s capital markets and securities practice while Eric Williams was chief of its M&A practice.
Longtime Houston bankruptcy attorney Charlie Beckham at Haynes and Boone lays out the landscape for the avalanche of Chapter 11’s expected in the oil industry thanks to the recent slide in commodity prices.