In a stunning political reversal from six years ago, Republican candidates for the Fifth Court of Appeals in Dallas ran the table in Tuesday’s elections. Republican judges made significant gains on the First, Fourth and Fourteenth Courts of Appeals as well.
Foley Advises TGI Friday’s in Bankruptcy Filing
TGI Friday’s Inc. and 23 of its subsidiaries filed for Chapter 11 bankruptcy protection in the Northern District of Texas over the weekend. In its bankruptcy petition, TGI Friday’s claims $100 million to $500 million in debts and the same range for assets. The Dallas-based company owns 39 actual bar-and-grill restaurants across the U.S. None of the TGI Friday’s franchised operations are part of the Chapter 11.
P.S. Spotlights Chevron, Jennifer Banda, Lael and Peter Brodsky, Latham, Sidley and Haynes Boone
In this week’s P.S. column, we highlight upcoming events such as Texas Appleseed’s annual Good Apple Dinner and the Institute for Energy Law’s Excellence in Diversity and Inclusion Award reception. The Center for Women in Law at the University of Texas School of Law has a new executive director. Haynes Boone gives the Dallas Volunteer Attorney Program $25,500. And the Texas Chapters of the American Board of Trial Advocates honor Fort Worth trial lawyer Steve Laird with its first-ever Ethics and Civility Award.
Plus, The Texas Lawbook seeks your contributions or efforts in helping those in need for the holidays.
Sonida Selects a New GC: Tabitha Bailey
Dallas-based Sonida Senior Living Corporation has hired former Avantax General Counsel Tabitha Bailey as its new chief legal officer starting Jan. 1.
Texas Lawyer Leads Trump Lawsuit Against CBS in Amarillo
Former president Donald Trump has hired Amarillo lawyer Christopher D. Parker, a shareholder at Farris, Parker & Hubbard, as one of three attorneys to file a lawsuit against CBS Broadcasting claiming that the TV network committed “unlawful acts of election and voter interference through malicious, deceptive and substantial news distortion” by editing interviews with Vice President Kamala Harris that were broadcast in early October.
The Vanishing Texas-based Corporate Law Firm
At midnight on Dec. 31, the sign on the front door at Locke Lord will come down, and the corporate law firm’s 130-year history as a Dallas-based institution will come to an end as the result of a merger with Troutman Pepper. Over the last dozen years, more than 30 business law firms headquartered in Dallas, Houston, Austin and San Antonio have merged with or been swallowed up by larger, more profitable corporate law firms seeking to enter the thriving Texas business market or expand specific practice areas. None of them call Texas HQ anymore.
Since 2012, seven of the 25 largest Texas-based corporate law firms have merged out of existence. Legal industry analysts predict that more Texas legacy firms — small, medium and large — will be takeover targets within the next 18 months.
Vertex Energy Bankruptcy Fees Hit $2,450 an Hour
The legal and financial advisors in the Vertex Energy bankruptcy and restructuring have filed their applications for official employment, and the numbers never cease to amaze. Kirkland, Bracewell, Alvarez & Marsal and Perella Weinberg Partners filed their fees to be approved by SDTX Bankruptcy Judge Christopher Lopez.
Legal Fees Hitting $2K an Hour in J&J’s Talc Powder Bankruptcy
The Johnson & Johnson talc powder bankruptcy filing in Houston is less than a month old, but new documents filed Sunday in the case show that it is going to be highly profitable for the lawyers and law firms involved. Over the past three days, lawyers for Jones Day, Porter Hedges, King & Spalding, Skadden Arps, Shook Hardy & Bacon and McCarter & English have filed their official applications to represent Red River Talc, the J&J subsidiary. Jones Day’s Dallas office is the biggest financial beneficiary.
Apache Names David Bernal New VP of Legal
Bernal succeeds long-time general counsel Anthony Lannie, who retired.
Pedernales Electric Coop Names New GC
A long-time energy industry lawyer with extensive experience practicing before the Texas Public Utility Commission and the Federal Energy Regulatory Commission has been named the new general counsel at Johnson City-based Pedernales Electric Cooperative.