Free Speech, Due Process and Trial by Jury
Premium-Only ContentFor a decade, HP battled a Taiwanese CD-ROM maker over allegations of price-fixing.Beck Redden a $438 million victory, one of the biggest judgments upheld by the Fifth Circuit in a decade.In a Q&A with The Lawbook, Hartz elaborated on other significant achievements at HP, what he looks for in outside counsel and why he takes special pride in resolving disputes without litigation.
Charlotte Rasche and her team at Prosperity Bank worked days and nights in the early weeks of 2020 to integrate its $2.1 billion merger with LegacyTexas Bank. Then March came and Covid hit. With 273 banking locations across Texas and Oklahoma, Prosperity had to decide whether to close branches, require face masks or just operate drive-throughs. Each jurisdiction had different rules. And then the federal Paycheck Protection Program launched and 14,000 PPP loans with a combined value of more than $1 billion had to be processed. These were the challenges that faced Rasche as Prosperty's general counsel.
They led multibillion-dollar deals and won billion-dollar disputes. They are young lawyers who made their mark and seasoned leaders whose companies benefited from their wisdom. They used technology and good ole fashioned legal smarts to change the corporate law profession and how companies do business. They are the finalists for the 2021 DFW Outstanding Corporate Counsel Awards, which recognizes the hard work and successes of the corporate in-house legal community in North Texas. The Texas Lawbook has the names.
Former SEC Assistant Regional Director for Enforcement Scott Mascianica, who was involved in cases against Nikola Motor Corporation, Akazoo and Breitling Energy, said he moved his practice to Holland & Knight because last year’s merger with Thompson & Knight gives its partners a larger national platform to represent clients and because the firm is growing its white-collar defense and international investigations practice.
For 162 days in 2020, EP Energy General Counsel Jace Locke was in bankruptcy hell. In early March, Locke and lawyers at Weil convinced a bankruptcy judge to approve a highly contentious and complex multibillion-dollar plan to exit Chapter 11. Then Covid hit. The world went into lockdown. Saudi Arabia and Russia were in a feud that flooded the world with oil. Commodity prices plunged. The bankruptcy deal: Dead. All in 11 days.
Locke and Weil went "back to the drawing board.” There were negotiations and concessions. Cuts were made, losses were accepted and new funds were committed. A publicly traded oil company once worth billions was taken private. Restructuring successful. Locke and Weil are now finalists for the Houston Corporate Counsel Award for Transaction of the Year.
In a special Q&A for Texas Lawbook premium subscribers, Mark Curriden visited with Locke, a finalist for the 2021 Houston Corporate Counsel Award for Transaction of the Year, about what he learned from the Chapter 11 process, life changing experiences and pet peeves in hiring outside counsel.
Susman Godfrey’s newly elected co-managing partner, Vineet Bhatia, said Tuesday that 2021 was the most profitable year in the 42-year history of the Houston-based litigation powerhouse and that the law firm needs to hire more lawyers to keep up with client demand. Susman Godfrey announced Tuesday that long-time managing partner Neal Manne is stepping down as co-leader of the law firm Jan. 15 and that Houston partner Bhatia is his successor, along with current co-managing partner Kalpana Srinivasan in Los Angeles.
In the midst of the Covid-19 pandemic lockdown, LyondellBasell Associate GC Andrew Gratz learned that South Africa-based Sasol wanted to sell 50% of an ethane and polyethylene operation in Louisiana for $2 billion, but there was a time crunch. Gratz, his in-house legal team and lawyers at Kirkland worked 16-hour days to accommodate the time differences between Houston and South Africa. Due diligence and negotiations over the JV's management and marketing took place virtually. Plus, it was difficult to build trust when negotiating teams are not face-to-face. But lawyers say Gratz was a force of nature that kept dealmakers moving forward and getting the transaction done. Thus, Gratz and Kirkland are finalists for the 2021 Houston Corporate Counsel Award for Transaction of the Year.
Premium-Only Content Andy Gratz oversees the vast legal work required at LyondellBasell, the petrochemical giant. The Lawbook's Mark Curriden interviewed him about his approach to the job, how his work in government relations helped shape that approach and his expectations of those who work with and for him.
Mark Kelly and Scott Wulfe took over as co-leaders of Vinson & Elkins 10 years ago. This Friday at 11:59 p.m., their reign ends. Some V&E partners were skittish about them leading the firm. Together, they faced existential threats to the firm’s existence and implemented fundamental challenges during the past decade. They saw scores of partners leave to join elite national corporate firms that open offices in V&Es backyard. But Texas' largest law firm by headcount also achieved record revenues and record profits. Kelly and Wulfe say 2021 was another record-breaking year for one of the most influential law firms in Texas history. For V&E, it is the end of an era.
© Copyright 2025 The Texas Lawbook
The content on this website is protected under federal Copyright laws. Any use without the consent of The Texas Lawbook is prohibited.
