Corporate lawyers operating in Texas made a record-smashing amount of money in 2018. Exclusive new research by The Texas Lawbook shows that the top 50 business law firms with offices in Dallas, Houston and Austin generated just a hair shy of $6 billion in revenues in 2018 – a 6% increase from 2017. Twenty-six corporate law firms worked more hours and collected more dollars last year than ever before. Several elite legal practices had huge financial gains last year. A few large Texas legacy law firms experienced significant economic declines in 2018. The Texas Lawbook has the details.
At least 42 corporate law firms operating in Texas have experienced a “cyber incident” or an actual data breach during the past two years, according to an exclusive new Texas Lawbook survey. But 90% of law firms report that one of the vendors they use has been the victim of a cyber attack. GCs, including those at Match Group and Halliburton, say they are concerned about the safety of client information and law firms, according to the survey, are finally paying attention to cyber threats.
The number of out-of-state law firms that opened new offices in Texas grew significantly in 2018, but the actual number of lawyers working at big corporate firms operating in the state declined last year. The result is that nearly half of all corporate lawyers in Texas are employed at out-of-state law firms. The Texas Lawbook has exclusive numbers and analysis.
Mark Werbner, the trial lawyer who engineered a historic billion-dollar jury victory against a Middle Eastern bank accused of aiding terrorists, has joined the Dallas office of Winston & Strawn. The Texas Lawbook has an exclusive interview.
In their monthly account of disciplinary actions, the State Bar of Texas reports discipline taken against three judges: a Waco judge who appointed a police detective as foreman of a controversial grand jury, a Parker County judge who hired and promoted an assistant with whom he was having a sexual relationship, and a judge in New Braunfels who interrupted jury deliberations in a criminal trial by announcing that God had informed him a conviction would be a miscarriage of justice. In other actions, one lawyer resigned his license, eight lawyers were suspended from practice and three received public reprimands.
Todd Arritola previously worked in KPMG’s Deal Advisory group for five years.
In Pursuit Of Peak Performance and Better Team Chemistry: The 2019 Texas Rangers’ Possible Crossover Human Relations Lessons For Legal and Business Organizations
In Moneyball Michael Lewis wrote about the wholesale disruptions taking place in the world of baseball. His lecture at SMU over a decade ago was brought to mind by recent optimism for the Texas Rangers expressed by Evan Grant. Grant’s unlikely optimism holds suggestions that are transferable for organizations of every type: including legal groups. Talmage Boston explains.
Katten Muchin opened in Dallas a year ago and has grown to three-dozen attorneys in Dallas. Now, the Chicago-based firm has signed a new long-term lease agreement for two floors at the PwC Tower at Park District in Uptown Dallas – a move that will give the firm space to double in size in the future.
The Texas Lawbook is conducting its annual survey of Texas law firms to gauge economic trends in the business law community. The deadline is March 15.
Former KRCL litigation partner Zach Mayer quietly opened his own shop in downtown Dallas six weeks ago, but he’s already adding partners, opening new offices and has a client list that most larger full service firms would envy. “It has been a fast, furious and chaotic couple of weeks,” Mayer says. The Texas Lawbook has details.