The overarching goal for the post-pandemic law office should be to create a place that fosters equity and consistency, is easy to use, focuses on people’s well-being and is resilient and sustainable long term for an elevated work experience, writes Gensler’s Faisal Naveed. In this article, he shares design principles that can help law firms achieve that goal and make the office a desired destination.
Closely Watched Revenue Per Lawyer Up 6th Year in a Row in Texas
There’s a new king of revenues per lawyer in Texas. For the first time ever, two law firms operating in Texas had RPLs of $1.8 million or more in 2020.
The Texas Lawbook 50 ranking of corporate law firms in Texas shows 21 firms achieved an RPL of $1 million or more last year, but only three of them have Texas roots.
The Texas Lawbook has the exclusive data and the details.
Gibson Dunn Dallas Hands Reins to Two New Partners-in-Charge
Two partners will split the role of leading Gibson Dunn’s Dallas office. One is a female partner who has been described as an “absolute rockstar” and joined the firm’s partnership ranks just two-and-a-half years ago. The other is an experienced male trial lawyer whose name was on the door at a litigation boutique before joining Gibson Dunn as the pandemic began last year.
Overcoming Pandemic Fears, Firms Grew Texas Revenues
One year ago, corporate law firms in Texas feared financial disaster as they faced the Covid-19 shutdowns. Instead, three-fourths of The Texas Lawbook 50 largest law firms operating in Texas had higher revenues in 2020 than in 2019. Two-thirds posted record revenues, including several based in Texas. Six law firms grew their Texas revenues by 30% or more. The new data shows Texas businesses facing crises relied on their lawyers more in 2020 than ever before.
In a ‘Watershed Event,’ a New No. 1 in Texas Revenue
For the first time in decades Baker, Botts, Fulbright, Vinson and Elkins are not in the name of the top revenue generating corporate law firm in Texas. Vilified and envied for their aggressive recruiting practices and phenomenal growth, a non-Texas-based law firm increased revenues by 35% and headcount by 22% in 2020, conquering the top spot in The Texas Lawbook 50, our annual ranking of corporate law’s Texas revenues. How did they do it? It is all in the numbers. The Texas Lawbook has the in-depth report.
Houston Business Immigration Firm Expands to Dallas
The largest business immigration law firm in Texas is expanding into Dallas-Fort Worth. Houston-based Foster LLP announced Thursday that it has acquired Elise Healy + Associates, which also specializes in representing large and mid-sized companies in a host of immigration-related employment matters.
Pandemic Hampered Hiring in 2020, Texas Lawyer Headcount Flat
The top 50 corporate law firms operating in Texas added an average of one lawyer per firm in 2020. Firms now flush with business are worried about overworking their lawyers and are keen to hire new lawyers in 2021, but the talent just isn’t available. Of course, even one new face is more than most industry insiders anticipated a year ago as the Covid-19 pandemic and sinking oil prices plunged the economy into recession. The Texas Lawbook has the data and an in-depth report.
Lateral Hiring Fell in 2020 – You Can Probably Guess Why
Exclusive new data shows that the pandemic put a deep chill on the overheated Texas lateral market last year. Not only did firms stop recruiting, but lawyers stopped answering. But analysis shows it didn’t solve the long-term core problem: too much demand for too little talent in Texas. The result: $250,000 signing bonuses. The game of musical chairs is back.