The Association of Corporate Counsel’s DFW Chapter and The Texas Lawbook announce two winners and two finalists for the 2023 DFW Corporate Counsel Award for Senior Counsel of the Year. Corporate legal departments and law firms submitted more than 60 nominations in 13 different categories for this year’s DFW Corporate Counsel Awards, which recognize the successes and leadership demonstrated by in-house counsel in North Texas. During the past week, The Lawbook has announced finalists for M&A Deal of the Year, Corporate Secretary/Legal Counselor of the Year, Pro Bono and Public Service and Achievement in Diversity and Inclusion. The full details on the finalists are in The Lawbook.
Matador Resources, MoneyGram, Pioneer Natural Resources Finalists for DFW Corporate Counsel Awards
In a year of huge M&A deals, in-house lawyers at Pioneer Natural Resources, MoneyGram and Matador Resources stood out. The Association of Corporate Counsel’s DFW Chapter and The Texas Lawbook announce that the two finalists for the 2023 DFW Corporate Counsel Award for M&A Deal of the Year are Matador Resources and MoneyGram. ACC-DFW and The Lawbook also announce that Pioneer Natural Resources’s Akshar Patel is the sole finalist and recipient of the 2023 DFW Corporate Counsel Award for Corporate Secretary/Legal Counselor of the Year.
Fifth Circuit Panel: En Banc Court Needs to Change ‘Favorable Termination’ Rule Precedent
The U.S. Court of Appeals for the Fifth Circuit has developed a reputation for divisiveness among its members. But Thursday, Judge Don Willett, Judge Carolyn King and Judge Dana Douglas — three jurists with widely differing judicial leanings — issued a unanimous opinion that highlighted a major injustice, publicly sought a reversal of precedent by the full Fifth Circuit and demonstrated judicial restraint. The case is the story of Erma Wilson, who was falsely accused and wrongly convicted of cocaine possession 22 years ago in Midland.
“Erma Wilson placed her faith in the justice system, trusting she would get due process and a fair trial,” Judge Willett wrote. “Wilson’s faith was misplaced. In Wilson’s trial — and in hundreds of others in Midland County spanning decades — bedrock judicial norms were dishonored.”
Houston Appeals Court: Power Generators Had ’No Legal Duty’ To Retail Customers During Winter Storm Uri
In a significant legal blow to victims of Winter Storm Uri, large power generators in Texas scored a decisive multibillion-dollar defense victory Thursday when a Houston appeals court ruled that wrongful death, personal injury and property damage claims against the generators have “no basis in law or fact.”A three-judge panel of the First Court of Appeals in Houston ruled that “Texas does not currently recognize a legal duty owed by wholesale power generators to retail customer s to provide continuous electricity to the electric grid, and ultimately to the retail customers.”
Susman Godfrey Associates Reap Benefits of Litigation Successes
Susman Godfrey said its first-year firm associates will receive median bonuses of $150,000 and that its most senior associates will be getting an annual bonus of $350,000. Most corporate law firms awarded bonuses ranging from $15,000 to $115,000.
Fifth Circuit Gets First Latina Judge After 132 Years
More U.S. senators voted Monday to confirm Judge Irma Ramirez to the U.S. Court of Appeals for the Fifth Circuit than any of President Biden’s previous 37 appellate court nominees. The senate confirmed Judge Ramirez, currently a U.S. magistrate judge in Dallas, by a vote of 80-12. She is the first Latina judge in the 132-year history of the New Orleans-based court. “It is an historic moment to finally have a Hispanic woman on the court — a long time coming,” said Gregg Costa, the Fifth Circuit judge who retired last year and who Judge Ramirez is replacing. “The first few weeks are a whirlwind. She will need to meet and get to know her new fellow Fifth Circuit judges, hire four law clerks, set up her office and get up to speed on the court’s caseload. It is a steep learning curve.”
Judges Reject CirclesX Petition to Separate from MDL
A five-judge panel that decides which Texas civil lawsuits should be consolidated in statewide multidistrict litigation has rejected a plea by lawyers representing data analytics firm CirclesX Recovery and other plaintiffs alleging a multibillion-dollar market manipulation conspiracy among natural gas companies during Winter Storm Uri to separate their lawsuits from hundreds of others. The decision means the case will remain a part of the MDL before a single Houston judge.
Akin, Baker Botts, Yetter Coleman Join Firms in Associate Pay Raises and Bonuses
The three Texas law firms added their names to the growing list of corporate law practices that are increasing associate compensation and handing out big year-end bonuses.
V&E, Sidley, McDermott, Norton Rose Fulbright Match Cravath Salary Bump, Bonuses
Christmas came in late November for non-partner lawyers at Vinson & Elkins. In an email Thursday to the firm’s associates, V&E announced it is paying them annual bonuses ranging from $15,000 to $115,000 and increasing their compensation between $10,000 and $20,000 per year. First-year associates will now make $225,000 and eighth-year associates will see their annual comp top $550,000 with the bonus.
White & Case Has ‘Vastly Exceeded Expectations’ in Texas
In February 2018, the global law firm White & Case opened its Houston office with four lawyers, no associates, no support staff and sublet space in Two Allen Center. The goal, firm leaders announced at the time, was to grow the office to 50 attorneys. Nearly six years later, White & Case now has more than 100 attorneys in its Houston office and occupies three floors in 609 Main Street. The firm has seen revenues double over two years and expects even more growth ahead.