The Texas legal market is so hot right now that law firms have discovered the economic theory known as supply and demand. Corporate lawyers are stretched and in danger of burnout. Law firm leaders want to hire more attorneys and are even offering huge signing bonuses. But there’s a problem: There just aren’t enough lawyers in Texas to do the job.
Mattress Firm, Norton Rose Fulbright, Carl Lewis Run Against Racism
Norton Rose Fulbright, Mattress Firm and nine-time Olympic gold medalist Carl Lewis came together Sunday for a charity race to raise money for three elite organizations that fight racism and to announce college scholarships. The “Run Against Racism” raised $197,087 and produced a lot of good times. And Mattress Firm announced two $10,000 college scholarships.
Latham Relocates Two Lawyers Key to Houston Success to Austin
The firm is betting the two corporate lawyers’ institutional knowledge and experience building a successful office will reap more rewards in Austin.
Munck Wilson Builds on IP Strength, Combines with Austin Firm
The merger gives Munck Wilson one of the largest trademark/soft intellectual property practices in the Southwest and more than doubles its headcount in Austin.
London Calling: UK Firm Expands to Texas
Withers, an international law firm with $307 million in global revenues, has hired a former Winstead wealth planning and tax expert to lead its Texas entrance.
Quinn Emanuel Breaks Through in Dallas
Quinn Emanuel, a national litigation-focused law firm, is expected to announce in the next few days that it is opening an office in Dallas with two partners – one hired away from a local law firm and the second being transferred from Quinn’s office in New York.
Texas-based Firm Finances: The Kingpin of Texas Corporate Law – Dallas or Houston?
While there has been great focus lately on the Austin legal market, Dallas and Houston still dominate the corporate law world in Texas. But figuring out which market is doing better depends on the measuring stick. One city has more lawyers at corporate law offices. The other generates more revenues from business clients. Find out which city is the unofficial kingpin of Texas corporate law – Dallas or Houston? Or is it a feud running on fumes? This is part four in The Texas Lawbook series on Texas-based law firms.Note: The chart in this story has been updated to correct revenue figures for Locke Lord.
Latham Officially Opens in Austin
The Austin legal market continues to be red hot with the arrival of Latham & Watkins, which tapped corporate attorneys from DLA Piper and Wilson Sonsini. Firm leaders anticipate current partners with strong ties to Texas will either relocate or spend significant time in the state capital.
Tim Durst Jumps to O’Melveny
O’Melveny & Myers, which opened offices in Austin and Dallas in June, added Baker Botts trial law partner Tim Durst on Wednesday. The Los Angeles-based firm’s chair told The Texas Lawbook that he expects “more people to join” O’Melveny soon and that the firm plans “to be materially larger than we are now.”
A Seller’s Market: How Covid-19 Sparked a War for Talent
The pandemic has resulted in a number of interesting twists and turns in legal recruiting; most recently, the increasing number of companies and law firms requiring new hires to be fully vaccinated against Covid-19. Pye Legal Group President Stacy Humphries surveys the lay of the land and shares best practices for landing top candidates.