Dallas and Houston suddenly face a shortage of experienced, high-quality business attorneys to handle the growing legal needs of their clients. Sixteen corporate firm leaders tell The Texas Lawbook that the short supply of talent in Texas is their biggest challenge to growth and it is driving up the price of legal services.
The flood of national and regional law firms moving into Texas shows no sign of slowing. A dozen more out-of-state firms may be looking to open a new office in Dallas or Houston during the next six months, according to 36 legal industry insiders interviewed by The Texas Lawbook. We have the names and some denials.
Large and mid-sized law firms representing businesses in Texas are doing more work and generating more revenues this year than they ever have before. Seventy-five percent of the biggest corporate law firms operating in Texas say that they are witnessing a record year in revenues and profits so far, according to a new Texas Lawbook survey of law firm leaders.
Katten has added a third name – Kenya Woodruff of Haynes and Boone – to the healthcare practice it has launched in its recently opened Dallas office, The Texas Lawbook has learned. The hiring is expected to be announced Friday, along with two other healthcare specialists whose defections to Katten were reported earlier in the week.
Chicago-based Katten Muchin Rosenman is once again expanding its North Texas presence by launching a healthcare practice and hiring two prominent healthcare partners away from competitors to lead it. The Texas Lawbook has the details.
Bill Munck discusses the S.H.E. Summit, an empowerment movement focused on building a culture of support and inclusiveness that challenges women to be the drivers of this cultural shift.
Last summer, LexisNexis began tying access to standalone products such as Law.com to subscriptions to its Lexis Advance platform. In response, the American Association of Law Librarians has argued that these tactics are anti-competitive and violate AALL guidelines. Greg Lambert, past president of the AALL executive board and chief knowledge services officer at Jackson Walker, explains what is at stake.
For generations technology has been replacing human manual labor. But today’s innovations are capable of doing increasingly complex “intellectual” tasks. Technology has already reshaped the practice of law, but will it ever make lawyers obsolete? Randy Gordon of Crowe & Dunlevy provides an analysis.
When star Houston corporate lawyer Sean Wheeler moved his law practice to Kirkland & Ellis last week, he likely took his book of business with him. During the past 18 months, Wheeler led or co-led 29 M&A and capital markets deals worth a combined $14.3 billion.
A Texas Lawbook investigative report found that at least 84 prominent dealmaking lawyers in Texas jumped to new law firms since Jan. 1, 2017. Those lawyers handled hundreds of deals valued at nearly $200 billion, according to the Corporate Deal Tracker. The Texas Lawbook has exclusive details.
The number of large corporate Texas law firms increasing compensation for their associates continues to grow. The new pay scale for associates is likely to cost law firms anywhere from $500,000 annually for mid-sized boutiques to $5 million for the large full-service law firms.