The Association of Corporate Counsel’s Houston Chapter and The Texas Lawbook are pleased to announce finalists for the 2021 Houston Corporate Counsel Awards who have done some amazing legal work and demonstrated extraordinary leadership during some definitely unordinary times. Today, we reveal Transaction of the Year finalists.
Talent Wars in Texas Expand to White Collar/Investigations
The rash of hiring of federal prosecutors by corporate law firms clearly indicates that leaders believe the white-collar regulatory practice is about to boom in Texas. The latest is Gibson Dunn hiring of former NDTX acting U.S. Attorney Prerak Shah.
Dealogic: Kirkland, V&E, Gibson, Weil Led Hot Q3 Texas M&A
Editor’s Note: Multiple law firms contacted The Texas Lawbook this week stating that the Dealogic data provided to The Lawbook under-reported the number of transactions they worked on during the third quarter of 2021. We have forwarded those concerns to Dealogic, which has promised to provide updated data. As soon as The Lawbook receives the data, we will publish it immediately. The Lawbook apologizes for any confusion.
In a quarter that saw more mergers and acquisitions than any three-month period in the past seven years, five law firms represented clients in 10 or more M&A transactions in which the buyers, sellers or targets were headquartered in Texas, according to Dealogic, an independent research firm that provides M&A data on Texas-based companies exclusively to The Texas Lawbook. Guess who is No. 1 … again…
Futurist to GCs: Businesses Face Constant Chaos, Worker Mental Health Crisis, High Turnover and Declining Productivity
WNDYR CEO Claire Haidar’s presentation to the Association of Corporate Counsel’s DFW Chapter was designed to be a cold, hard slap about the days ahead for most businesses. Companies today are fraught with constant chaos and face crisis after crisis. The workforce is increasingly unstable and is becoming less and less productive. Corporate leaders are trying to implement hybrid working conditions – efforts that she predicts will fail miserably. Bottom line: Business leaders face challenges today like nothing they have ever seen before.
Bench and Bar Mourns Death of Former NDTX Chief Judge Jorge Solis
Jorge Solis was a tough prosecutor, a fair and learned judge, a mentor for dozens of lawyers and once considered a candidate for the U.S. Supreme Court. A former chief judge of the U.S. District Court for the Northern District of Texas, Solis died Friday of an apparent heart attack while attending Mass. He was 70.
Fletcher Held: V&E Alumni Team Up at Houston Boutique
Scott Fletcher and Kenneth Held were young trial lawyers at V&E in the securities litigation practice. Fletcher loaned Held an office couch and chair when Held became a partner in 2003. Seven years later, Held replaced Fletcher as V&E’s co-chair of the securities litigation section. Now both in their 50s, Fletcher and Held are partners again – this time at their own Houston securities litigation boutique, appropriately named Fletcher Held.
Acting NDTX U.S. Attorney Resigns
Prerak Shah, who has been the acting United States Attorney for the Northern District of Texas since January, announced Wednesday that he is stepping down effective Oct. 1. The Biden Administration hasn’t nominated any candidates for the four U.S. Attorney positions in Texas, but the U.S. Justice Department is expected to announce a new acting top prosecutor for North Texas in the next couple weeks.
‘Not Enough Lawyers’ – Texas Corporate Law Firms Face the Unthinkable
The Texas legal market is so hot right now that law firms have discovered the economic theory known as supply and demand. Corporate lawyers are stretched and in danger of burnout. Law firm leaders want to hire more attorneys and are even offering huge signing bonuses. But there’s a problem: There just aren’t enough lawyers in Texas to do the job.
Mattress Firm, Norton Rose Fulbright, Carl Lewis Run Against Racism
Norton Rose Fulbright, Mattress Firm and nine-time Olympic gold medalist Carl Lewis came together Sunday for a charity race to raise money for three elite organizations that fight racism and to announce college scholarships. The “Run Against Racism” raised $197,087 and produced a lot of good times. And Mattress Firm announced two $10,000 college scholarships.
Fifth Circuit Issues ‘Devastating’ Defeat for Oil and Gas Companies in Wage and Hour Dispute
Energy companies that compensate employees by the day must still pay those people overtime because they are not exempt salaried workers under the strict wording of the Fair Labor Standards Act, the Fifth Circuit has ruled. The appeals court decision is a huge blow to energy companies who have relied for decades on the idea that they could escape paying OT to workers paid an extra high daily wage. Dissenting judges say the decision overturns decades of standard practices within the energy sector and will have a devastating impact on the oil and gas industry. The Texas Lawbook has the full details.