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Three corporate law firms operating in Texas – Baker Botts, Gibson, Dunn & Crutcher and Simpson Thacher – have joined more than a half-dozen other firms that are increasing the amount they pay associates. The Texas Lawbook will provide additional tales as they become available.
More law firms that operate in Texas have announced that they are increasing associate salaries. A half-dozen other firms say they expect to follow suit in the next week. The Texas Lawbook has details.
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.
Houston-based Vinson & Elkins became the first Texas corporate law firm to hike compensation for younger attorneys. Other firms are expected to follow. Senior associates will now make about a half-million-dollars this year. The Texas Lawbook has the details.
The Los Angeles-founded law firm, which reported $835 million in 2020 revenues, is breaking into the Texas market with four energy lawyers from Thompson & Knight.
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.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.
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.
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