A handful of conservative Republicans are threatening corporate law firms operating in Texas with criminal prosecution, civil sanctions and even disbarment if they play any role in their Texas employees going out of state to get abortions. Texas Freedom Caucus accuses the global law firm Sidley Austin of being “complicit in illegal abortions” and assert the “consequences that you and your colleagues will face for these actions.” But leaders at several law firms tell The Texas Lawbook that the threats are “extreme political debauchery and legally dubious.”
Wave of Lateral Moves Hits Texas Legal Market
Willkie Farr, Greenberg Traurig, McKool Smith, Munck Wilson, Perkins Coie, Blank Rome, Womble and Eversheds Sutherland announced new lateral partner hires this week in their Texas offices. The nine lawyers on the move came from Baker Botts, King & Spalding, Winstead, Norton Rose Fulbright, Gray Reed, Shore Chan and in-house.
Brazos Legal/Financial Advisor Fees Hit $80M
As Brazos Electric Co-op edges closer to a solution in its $1.9 billion bankruptcy case, the Waco-based power retailer is discovering the cost of getting a resolution is not cheap. The lawyers and financial advisors working on the Brazos restructuring for the past 15 months have already billed nearly $80 million for their services, according to court records. The final price tag will likely exceed $100 million, according to lawyers involved in the case. The Texas Lawbook has the details.
Brazos Electric Co-op Nears Deal in Bankruptcy
Brazos Electric Power Cooperative has reached an agreement in principle with most of its creditors that could result in the Waco-based power supplier exiting bankruptcy by fall. The agreement, which has the support of ERCOT and power generators such as Calpine, calls for Brazos to sell some assets, provides concessions from the power generators and allows Brazos to exit bankruptcy with its co-op structure. But there are still major hurdles ahead.
Alana Matthews Leaves Dallas Stars to Be Pioneering Entrepreneur
Last month, Matthews left the Dallas Stars to pursue another deeply-held passion: creating a business that focuses exclusively on custom-made luxury workwear for professional women.
Louisiana Federal Magistrate Nominated to Be First African American Woman in Fifth Circuit
President Joseph Biden has nominated U.S. Magistrate Dana Douglas of New Orleans to one of two open seats on the U.S. Court of Appeals for the Fifth Circuit. An African American jurist who practiced energy litigation, products liability and intellectual property law during her 17 years in corporate law, Judge Douglas would be the first woman of color to serve on the Fifth Circuit.
Remembering Jim Cowles – A Lion of the Texas Bar
Jim Cowles, who tried nearly 600 cases to a jury verdict, including a dozen trials while he was still in law school, died this past weekend, according to an announcement released Wednesday by Cowles Thompson, the firm he co-founded in 1978.
Judge: Jury to Decide Law Prof. Linda Mullenix Equal Pay Case Against UT
A federal judge in Austin has ruled that University of Texas School of Law professor Linda Mullenix and the university will go to trial over the educator’s claim that she has been discriminated against under the federal Equal Pay Act. An expert on class action litigation, Mullenix claims she was paid less than male professors who have less experience, fewer articles published and fewer professional honors.
Siltstone Capital’s Mani Walia Wins Houston Legal Innovation Award
When the Houston private equity firm Siltstone Capital decided to expand its investment portfolio beyond energy, minerals and real estate into the arena of litigation finance, it had the perfect advisor already in the house. Siltstone General Counsel Mani Walia has leveraged his background in Big Law, plaintiffs’ IP litigation and private equity to create a new model for litigation finance investments. Citing Walia’s creativity and achievements, the Association of Corporate Counsel’s Houston Chapter and The Texas Lawbook awarded the 2022 Houston Corporate Counsel Award for Legal Innovation to the Siltstone Capital general counsel.
Q&A: Mani Walia
Premium-Only Content: Mani Walia shares tips and pet peeves for outside counsel.