Houston-based Independence Contract Drilling and its affiliated company, Sidewinder Drilling, filed for Chapter 11 bankruptcy protection late Monday in the Southern District of Texas. ICD leaders chose Sidley Austin as its lead legal advisor. Latham & Watkins is counsel for the noteholders. Piper Sandler is the investment bank advising ICD.
Foley Leads Vodka Maker’s Bankruptcy
The U.S. subsidiary of vodka producer Stoli Group and its sister company, whiskey maker Kentucky Owl, have filed for Chapter 11 bankruptcy protection in the Northern District of Texas.
Update: GOP Considers Appeal in Dallas Appeals Court Election
Thompson Coe litigation partner Matthew Kolodoski, a Republican candidate for the Fifth Court of Appeals in Dallas, will have to decide in the next few days whether he will challenge the official election results in his race against his Democratic opponent, Dallas Criminal Court Judge Tina Clinton. When votes were tallied on election night, Nov. 5, Kolodoski was unofficially declared the winner, leading Judge Clinton by 1,512 votes. But mail-in and provisional ballots were counted, there was a 3,000-vote swing in Judge Clinton’s favor.
Texas Secretary of State Updates Results in Dallas Appeals Court Election
Wednesday afternoon, as lawyers left their offices for the long Thanksgiving weekend, Texas election officials quietly updated the official results of the race for the Fifth Court of Appeals in Dallas. The final vote tally shows that Dallas County Criminal Court Judge Tina Clinton received nearly 1,600 votes more than her Republican opponent, giving the Democrats a sole victory among the eight races for state appellate court. But lawyers say that state Republican leaders are pressuring its candidate to challenge the results.
Weil, AZA Name Newly Promoted Partners for 2025
Weil and AZA are the 12th and 13th law firms in Texas to release their new partner list, bringing the total number of newly minted partners this cycle to 69.
Texas GC Forum Honors Corporate Legal Leaders of 2024
The Texas General Counsel Forum held its annual Magna Stella Awards dinner in San Antonio Thursday night recognizing nine chief legal officers and senior in-house counsel for their extraordinary achievements and leadership successes. The GC Forum provided The Texas Lawbook exclusive access to its annual meeting and the awards ceremony. More than 350 lawyers from corporate legal departments and law firms attended the event. The recipients included lawyers from Air Liquide, LyondellBasell, PlayPower, Schwab, Sumitomo, Texas Children’s Hospital and XRI Holdings.
Correction: David Starr’s name was mistakenly printed Carr in several references. The Lawbook apologizes for the error.
Baker Botts, AZA, Akin, V&E Announce Associate Bonuses Up to $140K
Great news moms: If you raised young lawyers, you should expect expensive presents from your daughters and sons this Christmas. A dozen large corporate law firms operating in Texas have informed their associates that they will be receiving year-end bonuses ranging from $21,000 for first-year lawyers to $140,000 for associates in their eighth year, which will be up for partner next year. Combined with recent hikes in base salaries, the most senior associates this year will be paid more than $575,000. Two Houston-based firms — Baker Botts and AZA — are the most recent business-focused firms to announce year-end bonuses for the associates it employs in its seven U.S. offices. Legal analysts say that the bonuses paid to just those 1,600 associates will cost their respective law firms an estimated $80 million.
The 2024-25 Partner Promotion Announcements Have Begun
’Tis the season of law firm partner promotions. Between October and February, dozens of corporate law firms officially announce the associates and counsel that they are promoting to equity and nonequity partners. Most of the announcements are made in December. The Texas Lawbook’s Mark Curriden has the details on the latest announcements.
Kirkland, Haynes Boone, A&O Shearman Lead Northvolt AB Bankruptcy in SDTX
Swedish-based electric car supplier Northvolt AB filed for Chapter 11 bankruptcy protection in the Southern District of Texas Thursday. The case has been assigned to U.S. Bankruptcy Judge Alfredo Perez.
P.S. — Oncor GC Matt Henry: ‘We Can Do This!’
The Dallas Bar Association’s annual Equal Access to Justice Campaign is hitting crunch time in its efforts to raise $1.25 million for legal aid for the poor and disadvantaged. More than 50 lawyers, law firms and corporate legal departments have already donated between $5,000 and $25,500. The State Bar of Texas has awarded its annual Minority Counsel honors. The personal injury law firm J.D. Silva & Associates is giving away 500 new winter coats.