The 155-lawyer Babst Calland has entered one of the hottest legal markets in the country by acquiring an oil and gas law firm in Houston.
State Bar Discipline: Three Judges, 23 Lawyers, and a Few Felonies
The State Bar of Texas has released its May disciplinary report. Aside from standard infractions of case inattention and inappropriate political endorsements, breaches of the canons cited by the bar’s disciplinary panels this month also include money-laundering, wire fraud, theft, income tax evasion and fixing tickets for friends of a musician named Fruity Villareal. The Lawbook has the list and the details.
It’s Official: Reed Smith Opens in Dallas
Reed Smith officially opened its Dallas office with 16 lateral hires from three firms. The newest law firm in Dallas says more laterals are on the way. Natalie Posgate has the details.
Litigation Finance’s Longford Opens in Dallas
Litigation finance firm Longford Capital announced Tuesday that it is opening an office in Dallas. The Chicago-based private investment company has hired John Garda, a commercial litigator who has been the managing partner of the Dallas office of K&L Gates, to lead its Texas operations. The Texas Lawbook has the insider details.
The Texas Lawbook Top 50: Corporate Lawyers Make $6 Billion, Elite Law Firms Biggest Beneficiary
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.
TLB Exclusive: Dozens of Texas Law Firms Experience Cyber Incidents/Data Breaches
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.
More Corporate Law Firms, Fewer Texas Lawyers in 2018
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.