Nat’l Law Firm Invasion into Texas Changes Legal Marketplace
More than 600 Texas lawyers during the past five years have left local based firms to start or grow the Texas practices of national law firms. About 30 out-of-state law firms have opened in Dallas, Houston and Austin since Feb. 2010. Virginia-based LeClairRyan and California-based Quinn Emanuel opened Houston offices in July. The national law firms have offered multimillion-dollar guaranteed contracts to senior partners with large books of business. Even mid-level associates with no portable business were offered signing bonuses as high as $75,000. The Texas Lawbook examines the trend and how it impacts the legal marketplace.





