J. Holt Foster III Joins Willkie as Head of New Dallas Office
Foster, whose practice includes nearly three decades of experience in the energy and infrastructure spaces, vaults to Willkie after more than three years at Sidley Austin.
Houston Trial Lawyer Opens Texas Office for Boston-Founded Firm
A co-founding partner at Schiffer Hicks Johnson has left his firm to start the first Texas office of Brown Rudnick in Houston.
Texas Lawbook 50: Corporate Firms Topped $9B in Texas Revenues in 2023
Fueled by record-high contingency fee collections, significant increases in hourly rates and healthy client demand for complex commercial litigation and corporate transactional work, the largest business law firms in Texas grew revenues to more than $9 billion, according to new Texas Lawbook 50 data. Forty-three of the top 50 corporate law firms posted gains, according to the Lawbook 50, which ranks firms on revenues generated by attorneys based in Texas.
Six of the firms achieved increases of $30 million or more, and 18 saw $10 million increases. Only seven firms on the list recorded revenue declines. Thirty-five firms hit record highs in 2023. The Top 10 welcomed two newcomers in 2023 — a firm that soared thanks to a sudden gusher of cash from contingency fee court victories that were years in the making and a firm that has steadily climbed in the rankings since 2019 on a combination of litigation and M&A dealmaking.
Gibson Dunn’s Back-to-Back Years of Record Growth in Texas
Gibson Dunn faced a strategic crisis in late 2010: Firm leaders had serious doubts about the viability of its Texas operation. Shuttering the Dallas office was a real possibility. And then, the Texas law gods smiled upon the LA-founded corporate law firm. More than a dozen years since, Gibson Dunn has sextupled the number of lawyers it has in Texas and increased revenues from those Texas attorneys by 10 times.
During the past two years, the firm has been on a Texas-sized hiring spree — growing from 117 attorneys to 179. This year, the firm is expecting its largest class of Texas summer associates and its largest class of first-year hires. Revenues and profits have soared. This is the story about how it happened.
Texas Firms Lead Nation with 13% Revenue Surge in 2023 as Results Driven by Big Victories
The 10 biggest Texas-based firms posted an eye-popping 13 percent revenue gain in 2023, good enough to earn the top spot among the 11 regions in Michael McKenney’s latest review of the U.S. corporate law business.
Willkie Adds Dallas Office, with Three Laterals from Haynes Boone
The new laterals at Willkie — Tom Tippetts, Brandon McCoy and Chase Proctor — will be joined/supported by a few other familiar names from Willkie's New York and Texas offices.
Texas Lawbook 50: A New No. 1 for Headcounts and a Three-way Tie for 2nd
On an FTE basis, the Texas Lawbook 50 firms increased lawyer employment by 2.6 percent. The new Lawbook 50 extends a winning streak that began with a net-hiring rush in 2019, took a year off for the pandemic in 2020, then roared back even stronger in the past two years. From 2010 to 2018, the annual headcount was essentially flat, with five up years offset by four down ones. However, the new data may point to a downshifting in the law firm labor market after record gains of 301 lawyers in 2021 and 287 in 2022.
In 2023, 29 firms increased headcounts, 20 firms employed fewer lawyers and one firm stayed even. A shakeup at the top of the Lawbook 50 rankings is the result of shifting the way the Lawbook 50 calculates headcounts to a method used by other legal publications.
Texas Lawbook 50 Report: Lateral Partner Moves Cooled in 2023
Some big names in Texas corporate law changed addresses in 2023. Sean Gorman, Mary-Olga Lovett, Rakhee Patel, David Sweeney, Greg Nelson and Paul Genender, to name a few. In all, 229 partners jumped to new firms — down 13 percent from 2022. Even so, Lotus Legal Search founder Kate Cassidy said the "Texas lateral market is strong compared to other markets.” The Texas Lawbook breaks down Texas lateral partner moves by law firm, practice area, metro and gender.