Texas A&M Selects Emory Law Prof as New Law School Dean
The new dean of the Fort Worth-based law school will officially begin on July 15, according to an internal announcement obtained by The Texas Lawbook.
Updated: Munck Wilson Secures 10 Millionth Patent in USPTO History
A group of Dallas lawyers from Munck Wilson Mandala made patent history Tuesday by securing a laser detection technology patent for Raytheon. It is the 10 millionth patent to be issued in the U.S. since George Washington issued the first in 1790 to Samuel Hopkins for potash, an ingredient used in fertilizer.
T&K, AZA Latest TX Firms to Raise Associate Comp
(June 19) – Houston-based corporate law firm Vinson & Elkins announced late Monday afternoon that it has raised the amount it is paying its first-year associates to $195,000. V&E, which is one of the largest and most profitable law firms in Texas, informed its associates it is matching the compensation increases that national law firms operating in Dallas and Houston implemented last week. Legal industry analysts predict that other Texas law firms, including Houston-based Baker Botts, are likely to do the same later this week. In a memo to its associates, which are younger lawyers yet to become partners, V&E Chairman Mark Kelly and Managing Partner Scott Wulfe said that the firm is increasing the base salary of its newbie lawyers from $180,000 to $190,000. In addition, the firm is providing first year associates $5,000 bonuses. The memo, obtained by The Texas Lawbook, shows that paychecks for associates in their eighth year – the year before the lawyers are up for partnership – will jump to $340,000. Those associates also will receive incentive bonuses starting at $25,000. The pressure on Texas law firms to boost compensation to younger lawyers intensified late last week when several national law firms with large presences in Dallas and Houston – Jones Day, Kirkland & Ellis, Sidley Austin, Simpson Thatcher, Winston & Strawn and Weil, Gotshal & Manges – announced that they were increasing the amount they paid associates. The Texas Lawbook has complete details.
Updated: Pressure Increases on Texas Law Firms to Raise Pay for Associates
A handful of Texas-based corporate law firms are expected to decide this week whether they will increase compensation for first-year associates to $195,000 a year. The pressure to boost pay to younger lawyers intensified late last week when two national law firms with large presences in Texas – Kirkland & Ellis and Sidley Austin – announced raises. The Texas Lawbook has exclusive insider details.
Six Tips for Managing a Document Review Team
© 2018 The Texas Lawbook. By Martha Buttry Daniels of King & Spalding (June 14) – Most litigation comes with the burden of document review. While not the sexiest
Texas Law Firms Debate Big Raises for Young Associates
Hundreds of young lawyers working at large corporate law firms in Texas are monitoring industry insider blogs and texting their friends at cross-town rivals in hopes of learning if their pay is about to go way up. They may be waiting a bit longer than they expected. The Texas Lawbook provides an analysis into whether Texas law firms will or will not follow Milbank Tweed's move to increase associate compensation.
Op-Ed: Bankruptcy Venue – A Time for Change
The time has come to eliminate venue shopping in corporate bankruptcies and restructuring. Based on my first-hand experience leading American Airlines' corporate restructuring in a distant locale, it is my view that Congress should amend the bankruptcy laws and eliminate venue shopping. U.S. corporations should be required to file bankruptcy cases in their hometown jurisdiction. This exclusive Texas Lawbook article explains why.
Talen Energy Names Andy Wright as GC
(June 8) – The Woodlands-based Talen Energy has hired former Energy Future Holdings General Counsel Andy Wright as its new top lawyer. Wright, who leads a legal team of four lawyers, talks about his reasons for the move after 14 years at EFH in Dallas.