Democratic candidates for appellate judgeships in Texas scored historic victories in Tuesday’s election. Every Democrat running for the judgeships on the First, Third, Fifth and Fourteenth courts of appeals won. The Texas Lawbook has the details.
Trinity Industries Promotes Teachout to CLO, Richardson to Corp. Secretary
Dallas-based Trinity Industries promoted deputy general counsel Sarah Teachout to chief legal officer Thursday and Jared Richardson to the post of corporate secretary. Long-time CLO Theis Rice retains the title of senior VP and will serve as the industrial supply company’s chief corporate compliance officer. The Texas Lawbook has the details.
Mergermarket: V&E, White & Case, Latham Handle Biggest Value M&A Deals in TX
At the third quarter of 2018, Houston-based Vinson & Elkins ranks No. 1 in the combined value of their M&A transactions for Texas businesses. But exclusive data provided to The Texas Lawbook by Mergermarket shows the next 10 are headquartered outside Texas. In fact, four of the top 10 don’t even have an office in the state. More inside.
‘Frack Master’ Faulkner Pleads Guilty to Bilking Millions from Investors
Breitling Energy CEO Christopher Faulkner – the self-proclaimed ‘frack master’ – admitted Tuesday in federal court documents that he spent tens-of-millions of dollars of investor money on booze, strippers and expensive cars. The Texas Lawbook has full details.
Kirkland, V&E Top M&A Legal Advisor Rankings in TX
New Mergermarket data provided exclusively to The Texas Lawbook shows that Kirkland & Ellis widened its lead in advising Texas companies involved in M&A activity during the first three quarters of 2018. V&E and Jones Day rank second and third. The Lawbook has the top 30 law firms by deal count.
Barry Sorrels Represents Ex-Dallas Councilman in Tax Evasion Plea Deal
The Dallas County schools bribery scandal, which has led to convictions of two high-ranking Dallas city officials, a school superintendent and two businessmen, appears to be winding down. Four-term Dallas City Councilman Larry Duncan pleaded guilty Monday to one count of tax evasion. The Texas Lawbook has the lawyers involved.
ACC-DFW to Texas Law Firms: Join Us Doing Pro Bono
More than 100 lawyers from corporate in-house legal departments across Dallas-Fort Worth gathered Tuesday evening at Toyota Motor’s new headquarters in Plano to participate in Association of Corporate Counsel’s DFW Chapter’s second annual Pro Bono Fair and to learn about pro bono opportunities.
Fifth Circuit Hands John O’Quinn Final Courtroom Defeat
The Fifth Circuit ruled late Thursday that Lexington Insurance Co. was not required to indemnify famed trial lawyer John O’Quinn, who died in 2009, and his law firm for the costs of settling a case that accused him of improperly charging his clients for millions and millions of dollars in expenses that had nothing to do with the litigation.
Texas Firms Face Unthinkable Problem: Not Enough Lawyers
Dallas and Houston suddenly face a shortage of experienced, high-quality business attorneys to handle the growing legal needs of their clients. Sixteen corporate firm leaders tell The Texas Lawbook that the short supply of talent in Texas is their biggest challenge to growth and it is driving up the price of legal services.
Analysis: Are Several More Corporate Firms Looking to Open in Texas? Yes. Well, Maybe
The flood of national and regional law firms moving into Texas shows no sign of slowing. A dozen more out-of-state firms may be looking to open a new office in Dallas or Houston during the next six months, according to 36 legal industry insiders interviewed by The Texas Lawbook. We have the names and some denials.