Former TK Finance Chair Jumps to Baker Botts

Baker Botts announced this week that Dallas lawyer Shad Sumrow, who led Thompson & Knight’s finance practice, has joined the firm.

Sumrow’s signing comes one week after Baker Botts’ corporate department added Houston corporate partner Doug Getten from Paul Hastings.

“Baker Botts is the go-to law firm in the energy space, and provides a broad platform for my practice,” said Sumrow, who managed 13 full-time attorneys in TK’s finance group. “The firm combines their historical reputation and experience in the energy industry while looking toward the future.” 

Sumrow represents clients in lending and structured finance transactions, with an emphasis on oil and gas and asset-based transactions. He says he is seeing new financing activity in the upstream exploration and production and midstream spaces. 

“The stabilization of commodity prices seems to be providing a financial lift to producers, thereby opening up some transactional opportunities,” he said. 

In 2019, Sumrow worked across Baker Botts on Energy Spectrum Capital-backed Rimrock Energy Partners’ $200 million credit facility led by BOK Financial. Sumrow represented BOK while Baker Botts advised Rimrock.

“Shad has a diverse practice,” Luke Weedon, partner in charge of the Baker Botts Dallas office and the firm’s finance chair, said in a statement. “His market knowledge, extensive experience, deep client relationships and leadership experience will not only strengthen our finance team firmwide, but will add to our representations of banks and nontraditional lenders.”