Paul Hastings announced Tuesday that Vinson & Elkins litigation partner Manuel Berrelez has joined the firm’s Dallas office as a partner. Since September, Paul Hastings has more than doubled its presence in Texas — growing from about two dozen lawyers to about 65, including eight corporate finance partners from V&E who joined in March. At the same time, the firm officially announced that it had opened an office in Dallas.
Court Rejects Billion-Dollar Legal Challenge to PUC Rates During Winter Storm Uri
Legal efforts by some of the largest energy companies in Texas to force the Texas Public Utility Commission to reprice the record-high electricity rates it charged during Winter Storm Uri three years ago were flatly rejected Friday by a unanimous Texas Supreme Court. The state’s highest court ruled that the PUC did not exceed its legal authority in February 2021 when it ignored market competition to set electric rates at $9,000 per megawatt-hour because the Texas grid faced an emergency crisis and possible collapse “that would have plunged the state into darkness for weeks, maybe months.”
The unanimous 30-page opinion reverses the decision of the Austin court of appeals in 2023 that the PUC overstepped its legal authority by ignoring integrated market competitive procedures and instead manually set electric rates during the four days of Winter Storm Uri.
Exxon Mobil Names Former Fox Lawyer as New GC
Following its pattern of promoting former top federal prosecutors and regulators to leading corporate positions, Exxon Mobil announced Wednesday that former Fox Corporation general counsel and former U.S. attorney for the District of Columbia, Jeff Taylor, will be the energy giant’s next top lawyer. Exxon Mobil announced Wednesday that Craig Morford, also a former federal prosecutor who has been the company’s general counsel since 2020, will retire on July 1 and that Taylor will be his replacement.
Houston Trial Lawyer Opens Texas Office for Boston-Founded Firm
A co-founding partner at Schiffer Hicks Johnson has left his firm to start the first Texas office of Brown Rudnick in Houston.
Expert: SEC’s Texas Office ‘Will Remain Very Active and Aggressive’ in 2024
With U.S. Securities and Exchange Commission Regional Director Eric Werner and his new leadership team in place, the SEC will likely remain aggressive in bringing enforcement actions regarding traditional oil and gas offering fraud cases, large public company matters, market manipulation cases and Foreign Corrupt Practices Act matters, according to former SEC senior counsel for enforcement Rebecca Fike, who is now a partner at Vinson & Elkins.
This coming Wednesday in Houston, Fike is moderating a CLE program that includes Werner, who heads the Fort Worth office, and former SEC associate director Jessica Magee, who is now a partner at Holland Knight. The Texas Lawbook CLE will hosted by V&E and Holland & Knight. Texas Lawbook subscribers and members of the Association of Corporate Counsel’s Houston and DFW Chapters are welcome to attend in person in Houston or via a webcast. In advance of Wednesday’s CLE, Fike gave an interview to The Texas Lawbook.
Gibson Dunn’s Back-to-Back Years of Record Growth in Texas
Gibson Dunn faced a strategic crisis in late 2010: Firm leaders had serious doubts about the viability of its Texas operation. Shuttering the Dallas office was a real possibility. And then, the Texas law gods smiled upon the LA-founded corporate law firm. More than a dozen years since, Gibson Dunn has sextupled the number of lawyers it has in Texas and increased revenues from those Texas attorneys by 10 times.
During the past two years, the firm has been on a Texas-sized hiring spree — growing from 117 attorneys to 179. This year, the firm is expecting its largest class of Texas summer associates and its largest class of first-year hires. Revenues and profits have soared. This is the story about how it happened.
Ex-SDTX Bankruptcy Judge, Liz Freeman and Jackson Walker Seek Dismissals in Two Separate Fraud Cases
Within hours of each other late Wednesday, three key players in the romantic relationship scandal that has infected the Southern District of Texas Bankruptcy Court filed motions in two separate cases seeking to have the cases against them dismissed — and all three for different reasons.
Houston Corporate Counsel Award Winners: Phillips 66, LyondellBasell, First Reserve, McDermott, Cardinal Systems
More than 220 corporate in-house counsel and their outside lawyers gathered last week at the Four Seasons in downtown Houston to recognize more than two-dozen general counsel and senior in-house counsel who achieved extraordinary success during the past year.
Virage Capital Asst. GC Leslie Hillendahl is ‘Leading an Industry Constantly In Flux’
Leslie Hillendahl wanted to be a lawyer since the fifth grade, but she faced an obstacle. Her father, a Houston police officer, “was quite adamant about steering me away from a legal career. He insisted that if I were to pursue law, I needed to first obtain what he called a ‘solid’ degree in accounting or finance.”
“While I initially resisted, I now appreciate his guidance, as it ultimately led me to a fulfilling career path that I love,” Hillendahl told The Texas Lawbook. Hillendahl earned degrees in accounting and law and is now the assistant general counsel at Virage Capital Management, a Houston-based litigation funding operation with an estimated $1 billion in assets. During the past two years, she and outside counsel have scored several multimillion-dollar courtroom victories and she currently manages more than $350 million invested in disputes spanning several states. The Association of Corporate Counsel’s Houston Chapter and The Lawbook have named Hillendahl the winner of the 2024 Houston Corporate Counsel Award for Senior Counsel of the Year for a Small Legal Department.
Q&A: Leslie Hillendahl
Leslie Hillendahl shares what outside counsel needs to know about her and more.