M&A data shows that large Texas-based law firms hemorrhaged talent and long-time, local clients to elite national firms that set up new outposts in Dallas and Houston during the past six years. The same data also indicates that some of the legacy Texas firms – Akin Gump, Baker Botts, Bracewell and V&E – are increasingly exporting their expertise in oil and gas law to energy companies and private equity firms headquartered beyond the state’s borders.
“The Texas legal market is maturing before our eyes,” says law firm consultant Ward Bower.
Texas Supreme Court to Decide ‘Fair Report Privilege’ in Closely Watched Libel Case
Major news organizations want the Supreme Court of Texas to maintain strong libel defense protections for journalists who report on government investigations. The media outlets, including The Dallas Morning News and the Houston Chronicle, say journalists should be able to report on factual information obtained from government reports or official proceedings without fear of being sued for failure to include information not contained in the report and unknown to them.
Congress, Not Courts, Should Decide Apple Case
AT&T filed a “friend of the court” brief asking a California federal judge the court to vacate its order requiring Apple take extraordinary steps to assist the FBI in unlocking the iPhone used by one of the perpetrators of the San Bernardino shootings. In this case, the government seeks more than what can be supported under the law as it is written today. The solution is for Congress to pass new legislation that provides real clarity for citizens and companies alike.
Exclusive: DraftKings Sues Texas AG Paxton, FanDuel Settles
Lawyers representing DraftKings said Friday evening that Paxton is wrong about Texas law.
DraftKings Sues Texas AG Paxton, FanDuel Settles
Online fantasy sports operator DraftKings sued Texas Attorney General Ken Paxton in Dallas County District Court Friday evening, seeking a court order to prevent Paxton from “forcing DraftKings out of business in Texas.”
DraftKings lawsuit came only hours after Paxton announced the state had reached a settlement with the other major daily fantasy sports site, FanDuel.
Sidley Advises in $175M Well Development Joint Venture
Pennsylvania-based Rex Energy said earlier this week that it will join forces with New York investment firm Benefit Street Partners to develop 48 wells in Rex Energy’s Moraine East and Warrior North operated areas.
Sidley Snags Two Senior Finance Pros
Alison Boren and William Howell jump to Sidley from Baker Botts.
Bob Nash Leaves Retirement for Munsch Hardt in Dallas
The corporate finance expert said Munsch Hardt was the most pleasant of the six firms he has been at in his career.
T&K Names Seven New Partners in Texas
The Texas lawyers in the new partner class are Steven Bartz, Justin Cohen, Katie Coleman, Janelle Davis, Dan Hopper, Kurt Summers and Robert Vartabedian.
T&K Names Seven New Partners in Texas
The Texas lawyers in the new partner class are Steven Bartz, Justin Cohen, Katie Coleman, Janelle Davis, Dan Hopper, Kurt Summers and Robert Vartabedian.