In his decades in the legal department for Plains All American Pipeline, Lawrence Dreyfuss worked through 62 completed acquisitions and divestitures with an aggregate value of over $8 billion. He oversaw the legal work for Plains’ capital projects totaling more than $7 billion. He was directly involved or supervised the handling of more than 3,000 legal claims. And during his tenure, Plains’ EBITDA grew from $89.1 million in 1999 to $2.684 billion in 2018. So, it’s no surprise that he will receive a Lifetime Achievement Award from the Association of Corporate Counsel Houston Chapter and The Texas Lawbook. Mark Curriden has his story.
Fermeen Fazal of UniversalPegasus: ‘The Ferminator’
Fermeen Fazal is chief counsel and chief administrative officer for Houston-based UniversalPegasus International. She’s so nice, that colleagues say it’s easy to forget that she can be a very fierce advocate. The company president has nick-named her “The Ferminator.” But she’s approachable, team-oriented and has a history as a very fine litigator. She’s also a finalist for GC of the Year for a Small Legal Department in the 2019 Houston Corporate Counsel Awards.
Kraton’s Jennie Howard – A Rookie with Securities Experience and a Huge Heart
Jennie Howard’s first day in the legal department at Houston-based Kraton Corp. began with her assignment to a $1.7 billion acquisition. She had to hit the ground running. Three months later, the deal was closed and she got REALLY busy overseeing a wide variety of corporate responsibilities. As a result she’s a finalist for Rookie of the Year in the 2019 Houston Corporate Counsel Awards.
Tim Johnson – A Plane Crash and a Painful Turnaround
When Tim Johnson’s friend and boss – the founder of the company he worked for – died tragically in a plane crash, it was a “punch in the gut.” But things were about to get worse. In the wake of his friend’s death, Johnson uncovered a massive fraud at his company. The skill and determination with which he approached that problem, as well as others that emerged at Peak Completion Technologies, has resulted in his nomination as GC of the Year for a Small Legal Department in Houston’s 2019 Corporate Counsel Awards.
Precision Drilling’s Veronica Foley: ‘A Superstar in All Respects’
Precision Drilling GC Veronica Foley is fluent in Spanish, fluent in French and talented in ways that her colleagues regard her as “a superstar.” From unique legal projects to everyday functions she helps keep the company out in front of issues. And now she is a finalist for GC of the Year for a Mid-sized Legal Department in the 2019 Houston Corporate Counsel Awards.
The Texas Lawbook Top 50: Corporate Lawyers Make $6 Billion, Elite Law Firms Biggest Beneficiary
Corporate lawyers operating in Texas made a record-smashing amount of money in 2018. Exclusive new research by The Texas Lawbook shows that the top 50 business law firms with offices in Dallas, Houston and Austin generated just a hair shy of $6 billion in revenues in 2018 – a 6% increase from 2017. Twenty-six corporate law firms worked more hours and collected more dollars last year than ever before. Several elite legal practices had huge financial gains last year. A few large Texas legacy law firms experienced significant economic declines in 2018. The Texas Lawbook has the details.
LyondellBasell’s Andrew Gratz – From the Verge of Liquidation to Strategic Acquisition
Andrew Gratz’s first big assignment at LyondellBasell a decade ago was to work on the multinational petrochemical company’s complex bankruptcy. Now, he’s leading the $35 billion corporation’s strategic growth efforts, including last year’s $2.25 billion acquisition of A. Schulman Inc. The Association of Corporate Counsel’s Houston Chapter and The Texas Lawbook have named Gratz a finalist for the 2019 Houston Corporate Counsel Senior Counsel of the Year Award for a Large Legal Department. The Lawbook has a complete profile.
TLB Exclusive: Dozens of Texas Law Firms Experience Cyber Incidents/Data Breaches
At least 42 corporate law firms operating in Texas have experienced a “cyber incident” or an actual data breach during the past two years, according to an exclusive new Texas Lawbook survey. But 90% of law firms report that one of the vendors they use has been the victim of a cyber attack. GCs, including those at Match Group and Halliburton, say they are concerned about the safety of client information and law firms, according to the survey, are finally paying attention to cyber threats.
More Corporate Law Firms, Fewer Texas Lawyers in 2018
The number of out-of-state law firms that opened new offices in Texas grew significantly in 2018, but the actual number of lawyers working at big corporate firms operating in the state declined last year. The result is that nearly half of all corporate lawyers in Texas are employed at out-of-state law firms. The Texas Lawbook has exclusive numbers and analysis.
Dallas Trial Lawyer Mark Werbner Joins Winston & Strawn
Mark Werbner, the trial lawyer who engineered a historic billion-dollar jury victory against a Middle Eastern bank accused of aiding terrorists, has joined the Dallas office of Winston & Strawn. The Texas Lawbook has an exclusive interview.