There are many ways to judge the financial success of a law firm, including head count, total revenues, net profits and profits per partner. The Texas Lawbook uses revenue per lawyer. A new Texas-based law firm crashed into the group of elite firms that had RPLs of $1 million or more in 2018. The Lawbook has the exclusive rankings.
Scores of Texas companies and law firms hired thousands of corporate lawyers and paralegals over the past 25 years for one reason: Because Susan Pye told them to. Pye, a pioneer in legal recruiting and trusted advisor to dozens of corporate general counsel and law firm leaders, died Thursday. She was 69.
Gary Bledsoe, the acting dean of the Thurgood Marshall School of Law at Texas Southern University, has launched an entrepreneurship incubator for community-minded law graduates.
During the Summer of 1998, Dallas endured 56 days of 100-degree weather. That same summer Chris Kratovil entered Big Law at Hughes & Luce. The memory of that summer was the beginning of the Tyranny of the Tie and Kratovil, who now manages a law firm office, is glad not to go back.
In 1995, the Atlanta firm King & Spalding was asked by one of its major clients to open a Texas office. Oil was trading at $17 per barrel and natural gas below $2 Mcf. Still, Houston was on the rise and so K&S took the plunge. More than two decades later, its quiet, steady success has become the template for other national firms looking for a piece of the Lone Star State. Claire Poole tells their story.
The group leaving for Shackelford includes six partners led by Jay Brown, Stephen Wedemeyer and Bruce Wilkin.
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.
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.
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.
UPDATED 4:10PM – Eight lawyers from Perkins Coie and two from Bracewell are joining Reed Smith’s new Dallas office. Bracewell and Perkins Coie adamantly denied Texas Lawbook’s report that more lawyers are departing for Reed Smith. A senior lawyer at Bracewell told The Lawbook on Wednesday that the firm’s public finance group is not leaving Bracewell. This updated Texas Lawbook article has new details about Reed Smith’s plans for Dallas and statements from Bracewell and Perkins Coie that clarify and correct information from a prior version of our story.