The top lawyers at Jacobs Engineering Group, Southwest Airlines and El Rancho Supermercado spent Tuesday’s lunch hour speaking about multiple aspects of diversity within the legal profession — what diversity means for them and their organizations, why it’s important in both the in-house and outside counsel context and how it could be improved. The Lawbook attended the event, which was organized by the Dallas Regional Chamber, hosted by UNT Dallas College of Law and sponsored by Munsch Hardt and Carrington Coleman.
McDermott Opens in Austin
Chicago firm McDermott, Will & Emery has opened an Austin office with the hiring of eight intellectual property partners from Baker Botts. It’s the firm’s third office in Texas and 22nd worldwide.
Dallas Hispanic Law Foundation Works Toward a More Diverse Field of Law
The Dallas Hispanic Law Foundation last week honored 18 Texas law students with its annual scholarships, bar study grants and internships. The Lawbook reveals this year’s recipients and breaks down why they were chosen.
Texas Commercial Law Firms Merge, Now Exceeds 90 Lawyers
In the largest corporate law firm merger of 2022, Houston-based personal injury defense law firm Lorance Thompson announced Thursday that it has merged with Mayer LLP, a Dallas-based business law boutique. Lorance Thompson’s 22 attorneys officially started June 1 with Mayer, a three-and-a-half-year-old law firm that now has more than 90 lawyers in Dallas, Houston, Albuquerque and Fayetteville.
DBJ: O’Melveny Signs New Dallas Office Lease
The firm’s new lease at Harwood No. 14 will triple its Dallas office footprint.
DBJ: Ross Tower Snags Four Law Firm Leases
One law firm has found a home for its first Dallas office; another has doubled its footprint; and two others have relocated or plan to relocate within the city.
Yvette Ostolaza is ‘First Texan to Lead a Global Law Firm’
Yvette Ostolaza, a first-generation Cuban American who grew up in a working-poor neighborhood in Miami, learned English from Sesame Street and almost didn’t go to college. On Friday, Ostolaza becomes chair of the management committee of Chicago-founded Sidley Austin, a 2,000-lawyer global corporate law firm that reported nearly $2.8 billion in revenue in 2021. She is the first Latina and the first Texan to lead a top 50 global corporate law firm. Ostolaza joined Sidley from Weil Gotshal in 2013 as the leader of the infamous “Seven-Plus-One.” During her time leading Sidley in Dallas, the firm has tripled its Texas lawyer headcount and quadrupled the revenues it generates in the state, according to The Texas Lawbook 50.
Two Firms Race to the Top of the Texas Legal Market
Vinson & Elkins vs. Kirkland & Ellis. One is a storied Houston-based firm with deep connections in the Oil Patch that has been a powerhouse in law, energy and politics for more than a century. The other is a Chicago-founded firm that came to Texas just eight years ago with deep pockets, high profits and an aggressive strategic growth plan. Lawyers for the two corporate law giants often sit across the table on some of the biggest mergers and acquisitions involving energy companies and private equity firms. Both firms are always in the top three of The Texas Lawbook’s Corporate Deal Tracker scorecard of corporate transactions.
Exclusive new Texas Lawbook 50 data shows that Kirkland and V&E lawyers in Texas achieved record highs in revenues and profits in 2021. The runner up in their battle for No. 1 in Texas has to settle for having their best year ever.