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The Texas Lawbook

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Mark Curriden & Richard Alm

Texas Lawbook 50: Corporate Firms Topped $9B in Texas Revenues in 2023

Fueled by record-high contingency fee collections, significant increases in hourly rates and healthy client demand for complex commercial litigation and corporate transactional work, the largest business law firms in Texas grew revenues to more than $9 billion, according to new Texas Lawbook 50 data. Forty-three of the top 50 corporate law firms posted gains, according to the Lawbook 50, which ranks firms on revenues generated by attorneys based in Texas.

Six of the firms achieved increases of $30 million or more, and 18 saw $10 million increases. Only seven firms on the list recorded revenue declines. Thirty-five firms hit record highs in 2023. The Top 10 welcomed two newcomers in 2023 — a firm that soared thanks to a sudden gusher of cash from contingency fee court victories that were years in the making and a firm that has steadily climbed in the rankings since 2019 on a combination of litigation and M&A dealmaking.

June 3, 2024 Mark Curriden & Richard Alm

Texas Lawbook 50: A New No. 1 for Headcounts and a Three-way Tie for 2nd

On an FTE basis, the Texas Lawbook 50 firms increased lawyer employment by 2.6 percent. The new Lawbook 50 extends a winning streak that began with a net-hiring rush in 2019, took a year off for the pandemic in 2020, then roared back even stronger in the past two years. From 2010 to 2018, the annual headcount was essentially flat, with five up years offset by four down ones. However, the new data may point to a downshifting in the law firm labor market after record gains of 301 lawyers in 2021 and 287 in 2022.

In 2023, 29 firms increased headcounts, 20 firms employed fewer lawyers and one firm stayed even. A shakeup at the top of the Lawbook 50 rankings is the result of shifting the way the Lawbook 50 calculates headcounts to a method used by other legal publications.

May 2, 2024 Mark Curriden & Richard Alm

Texas Legacy Firms Finding Footing at Home

With a 16 percent jump in 2022 revenues, Jackson Walker is leading a resurgence of Texas-based firms that are growing revenues and increasing profits in their Texas operations. Fifteen of the 50 corporate law firms in the Texas Lawbook 50 are headquartered in Texas — down from 39 a decade ago. Those 15 Texas legacy firms generated $5.83 billion in 2022 — $3.37 billion from their Texas operations.

Twelve of the 15 Texas-headquartered firms grew revenues in 2022. Four firms increased year-over-year Texas revenues by more than 10 percent. Five additional Texas legacy firms reported annual revenue increases in their Texas offices by five percent or more. More than 42 percent of the revenue generated by Texas legacy firms came from their out-of-state operations. The Texas Lawbook has a full analysis.

June 26, 2023 Mark Curriden & Richard Alm

Two Firms Race to the Top of the Texas Legal Market

Vinson & Elkins vs. Kirkland & Ellis. One is a storied Houston-based firm with deep connections in the Oil Patch that has been a powerhouse in law, energy and politics for more than a century. The other is a Chicago-founded firm that came to Texas just eight years ago with deep pockets, high profits and an aggressive strategic growth plan. Lawyers for the two corporate law giants often sit across the table on some of the biggest mergers and acquisitions involving energy companies and private equity firms. Both firms are always in the top three of The Texas Lawbook's Corporate Deal Tracker scorecard of corporate transactions.

Exclusive new Texas Lawbook 50 data shows that Kirkland and V&E lawyers in Texas achieved record highs in revenues and profits in 2021. The runner up in their battle for No. 1 in Texas has to settle for having their best year ever.

April 25, 2022 Mark Curriden & Richard Alm

‘Feeding Frenzy’ – Texas Corporate Law’s Great Game of Musical Chairs Hits New Heights

Corporate law firms operating in Texas went on a hiring spree in 2021, using six-digit signing bonuses, promises of faster promotions to partner and two hikes in base pay in a high-stakes race to build the staffs needed to meet rising client demand for legal work. The result was the largest – and most expensive – game of musical chairs ever witnessed among the biggest corporate firms in Texas.

Correction: The previous version of this article reported the wrong lawyer count numbers for Kirkland & Ellis. The firm actually grew from 290 Texas lawyers in 2020 to 371 last year. The Lawbook apologizes for this error.

April 21, 2022 Mark Curriden & Richard Alm

Three Middle-Market Law Firms, One Record-Setting Year in Texas Revenues

Three middle-market law firms achieved record revenues and profits in 2021. All three jumped above the $700,000 mark for revenue per lawyer. All three predict 2022 will be even better ― so all three are in expansion mode and looking to grow headcount. And none of the three sees any advantage in merging with an out-of-state law firm. Legal industry analysts say Munsch Hardt, Gray Reed and Munck Wilson sit in a strategic sweet spot.

April 19, 2022 Mark Curriden & Richard Alm

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Features

  • My Five Favorite Books: Melanie Koltermann (General Counsel at Five Star Management) - My reading habits have changed dramatically over the years. Where I once lingered over actual hard copy books late at night, these days I “read” mostly on the move. I now listen to my books, filling the hours I spend driving to/from work and after dropping of the kids for their many events. What might once have felt like idle time has become some of my most rewarding reading time, and I’ve grown to love how stories accompany me in the car. Much like my taste in music, my reading choices are eclectic and all over the place. I rarely stick to one genre or style, preferring instead to explore whatever captures my curiosity at the moment. September 17, 2025Melanie Koltermann
  • P.S. — House Moves to Slash Legal Aid Funding as Senate Proposes Increase, SALSA Makes Plea for Giving, Texas Tech Tops ABA Competition and More - In this week’s P.S. Column, we cover the House Appropriations Committee’s vote to cut Legal Services Corporation funding by 46 percent, a move that could leave millions without access to legal aid. Meanwhile, the San Antonio Legal Services Association makes a plea for donations to support core operations. September 12, 2025Krista Torralva

GCs, Lawyers & Firms

  • SALSA Names New Executive Director - The San Antonio Legal Services Association announced it has hired nonprofit executive and fundraising strategist James Martinez to lead the organization as executive director. After experiencing a funding shortfall earlier this year, SALSA touted Martinez’s more than two decades of experience fundraising and leading nonprofit organizations.
  • Ross & Smith Announces Partnership with Full-Service Maryland Firm
  • Martin Sosland, Candice Carson Join Vartabedian Hester
  • Banks Brings Decades of Experience to Husch Blackwell’s New Biz Dev Leadership Role
  • Former Energy GC Brock Degeyter Joins Troutman Pepper Locke in Dallas
  • Houston Law Firm Adds Former Texas Supreme Court Justice to Name 
  • Hunton AK Adds New Leader of Appellate Practice
  • Dallas PE Partner Boomerangs Back to Weil
  • Ret. Judge Barbara Lynn Joins Lynn Pinker
  • Holland & Knight Hires Another Longtime King & Spalding Healthcare Veteran
More GCs, Lawyers & Firms

Lawyers in the News

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Barry Barnett
Wes Bearden
Emily Westridge Black
Michael Burke
Alicia Campbell
John Campbell
Madeleine Carpenter
Alexander Clark
Dawn Pittman Collins
Richard Finneran
Elizabeth Freeman
David Gail
Elizabeth Gibson
David Jones
Frank Lopez
Abbe Lowell
Neal Manne
Billy Marsh
Tom Melsheimer
Tasha Moser
Justin Nelson
Reed O'Connor
Kate Pennartz
John “J.” Pieratt
Danielle Reyes
Christopher Richardson
Randy Sorrels
Harry Susman
Larry Vincent
Victor Vital
Brent Walker
Matt Weybrecht
Melody Wilkinson
Alex Wolens

Firms in the News

Hover right to show full list

A&O Shearman
Bryan Cave
Cozen O'Connor
Haynes Boone
Holland & Knight
Jackson Walker
King & Spalding
Kirkland & Ellis
Law Office of Liz Freeman
Paul Hastings
Porter Hedges
Sorrels Law
Susman Godfrey
Toyota
Troutman Pepper Locke
Willkie
Vinson & Elkins
Weil
Winston & Strawn

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