CDT Roundup: 13 Deals, 10 Law Firms, 90 Texas Lawyers, $13.5B

As The Texas Lawbook has noted, capital markets activity – especially in the energy industry – has been moribund so far this year. Last week, the Austin analytics provider Drillinginfo confirmed that unsettling view. While the $22 billion worth of debt and equity raised in the first quarter was up 9% over the fourth, it was down a concerning 45% year-over-year. Drillinginfo says Wall Street is enforcing discipline in the energy sector, and in her weekly Roundup, Claire Poole describes exactly what that means.

April 22, 2019 Claire Poole

Section 199A: A Brief Introduction

One of the most discussed parts of the Tax Cuts and Jobs Act of 2017 is IRC section 199A, which includes the complex rules for determining when a taxpayer can deduct up to 20% of certain “pass-through” income. Jason Freeman of Freeman Law provides an analysis of the Treasury's final regulations governing this provision.

April 17, 2019 Jason Freeman

CDT Roundup: 16 Deals, 14 Law Firms, 91 Texas Lawyers, $38.9B

Early last week, M&A activity for the year was lagging. Then came the $33 billion sale of Anadarko to Chevron. With that deal, everything changed – at least statistically. The equity and debt markets continue to be stingy, so what do companies do for new capital? Claire Poole has the answer, along with her weekly roundup of deals involving Texas lawyers.

April 16, 2019 Claire Poole

V&E Advises Anadarko on $33B Sale to Chevron in Biggest Shale Deal Ever

Chevron Corp. of San Ramon, California, announced Friday that it agreed to buy Anadarko Petroleum Corp. of The Woodlands for $33 billion in cash and shares. Claire Poole has details and analyst reactions.

April 12, 2019 Claire Poole

Q&A: Ryan Maierson’s Big Month and What It Says About the M&A Market

Latham & Watkins partner Ryan Maierson has been very, very busy, leading three billion-dollar deals in the last month. The Lawbook's Claire Poole had a chance to talk to him about those deals and what they say about dealmaking right now.

April 11, 2019 Claire Poole

CDT Roundup: 12 Deals, 11 Law Firms, 94 Texas Lawyers, $6.87B

M&A is down in the first quarter of 2019. That is a fact. But in the energy sector, according to Drillinginfo, it was worse than you think. Claire Poole has the startling numbers, along with her weekly roundup of Texas transactions.

April 10, 2019 Claire Poole

Robust Economic Growth and Tax Law Changes Mean Choice of Entity Decisions More Important than Ever

Business is booming in Texas, and recent changes to U.S. tax laws have brought billions of dollars from foreign investors to the state. These developments have elevated the importance of choosing the right entity when structuring a new business venture. Business lawyers seeking to stay up-to-date on this topic should attend the 17th Annual “Choice, Governance & Acquisition of Entities” course in Dallas on May 24.

April 8, 2019 William Hornberger & Byron Egan

Jimmy Vallee Leaves Paul Hastings for Winston & Strawn

Jimmy Vallee, a top energy-focused M&A expert, has moved to Winston & Strawn in Houston with the avowed purpose of quadrupling the firm's practice there. Vallee says others are already planning to join him. Claire Poole has him on the record.

April 4, 2019 Claire Poole

Stonepeak Acquires Oryx, UGI Buys AmeriGas in Deals Worth $9.6B

Two deals in the energy sector were announced Tuesday. They involved 58 Texas lawyers at six different firms and an enterprise value of nearly $10 billion. Claire Poole has the names and numbers.

April 2, 2019 Claire Poole

CDT Roundup: 15 Deals, 12 Law Firms, 84 Texas Lawyers, $6.47B

Sure deals were down in Texas for the first quarter of 2019. It's not your imagination. Apparently, they were pretty much down across the globe, according to the data provider Refinitiv. But remember, the first quarter of 2018 was a particularly good one, so comparisons are relative. Moreover, there are a couple of sectors worth watching as the year progresses. Claire Poole has the numbers, as well as this week's CDT Roundup.

April 2, 2019 Claire Poole

Inside the $3 Billion Legal Industry Battle for M&A Dealmaking in Texas

Law firms in Texas are engaged in a fierce battle to represent businesses, private equity funds and banks involved in mergers, acquisitions, divestitures and joint ventures – and an estimated $3 billion in legal fees are at stake.

April 1, 2019 Mark Curriden

CDT Roundup: 18 Deals, 14 Law firms, 91 Texas Lawyers, $6.45B

Baker Botts called 2018 "the year of the special situation." It was certainly that, with activists everywhere, especially in the O&G and the power and utilities markets. So what does that mean for 2019? More activist-incited M&A? Maybe. Claire Poole has the scoop along with her weekly Roundup of Texas deals.

March 26, 2019 Claire Poole