Norton Rose Fulbright has regained the title of largest law firm in Texas. Vinson & Elkins generated the most revenues. Baker Botts generated the most profits. McDermott, Sidley, Morgan Lewis, Fish & Richardson, Kirkland, Alston & Bird and Polsinelli witnessed the most revenue growth.
Updated: Texas Lawbook Exclusive: Financial Data shows Seismic Shift Continues in Texas Legal Market
Nearly half of the 35 largest revenue-generating law firms operating in Texas are based outside the state. National law firms earned more than $1 billion in revenues from their Texas operations in 2015 – a double digit increase from 2014. Revenues for Texas-based firms increased by less than one-tenth of one percent last year.
Texas Lawbook data shows that elite, wealthy corporate law firms – those based in Texas and beyond – are achieving enormous financial success by stealing the best lawyers and the highest paying business clients away from indigenous Texas firms. The bottom line: the Texas legal market is turmoil and witnessing a shift that is radically changing the practice of corporate law in the state forever.
Texas Law Firm Used in International Cyberattack
Thousands of individuals and businesses across the globe received an email from Texas lawyer James T. Shelton with information about a subpoena for information. No one from the law firm sent the email. Even worse, the email contained a virus with a malware payload that allows cybercriminals to “steal banking credentials and other personal information on a user’s system, ultimately allowing them to gain access to the financial records” of that user. This article has full details.
Texas Law Grads Struggle to Land Lawyer Jobs
Despite paying as much as $200,000 for their legal education, nearly one-fourth of the 2,072 Texas law school graduates of 2015 are unemployed or underemployed, according to new data compiled by The Texas Lawbook. More than 13 percent of newly-minted Texas lawyers are unemployed, which is actually worse than the nine percent of 2010 Texas law school graduates who could not find a job after graduation – the year the Great Recession impacted the Texas legal industry the most. This article has all the details.
Glut of Lawyers Dims Job Prospects for Law Students
© 2015 The Texas Lawbook. By L.M. Sixel of the Houston Chronicle HOUSTON (March 30) – John Hwang is set to get his law degree from the University of Houston
Chron: New Managing Partner for Bracewell
Houston attorney Greg Bopp, who represents energy giants such as Kinder Morgan in megadeals, has been named as Bracewell’s new managing partner. He will assume his new role July 1.
Chron: New Managing Partner for Bracewell
Houston attorney Greg Bopp, who represents energy giants such as Kinder Morgan in megadeals, has been named as Bracewell’s new managing partner. He will assume his new role July 1.
Duane Morris Gets New Houston Leadership, Eyes Texas Growth
Intellectual property partner Thomas Sankey will lead Duane Morris’ Houston office as its new managing partner, the Philadelphia-based law firm said this week.
King & Spalding Turns to Prominent Trial Lawyer to Lead Houston Office
The law firm of Griffin Bell, Sam Nunn and Larry Thompson has done well during its two decades in Houston. King & Spalding has 84 lawyers in Texas and looking to grow. To lead its efforts, the firm has turned to Tracie Renfroe, a 1985 alum of Baylor School of Law who has represented Shell Oil, Chevron and other Texas companies in environmental and toxic tort litigation. In this article, Renfroe discusses her firm and its future in Texas.
King & Spalding Turns to Prominent Trial Lawyer to Lead Houston Office
The law firm of Griffin Bell, Sam Nunn and Larry Thompson has done well during its two decades in Houston. King & Spalding has 84 lawyers in Texas and looking to grow. To lead its efforts, the firm has turned to Tracie Renfroe, a 1985 alum of Baylor School of Law who has represented Shell Oil, Chevron and other Texas companies in environmental and toxic tort litigation. In this article, Renfroe discusses her firm and its future in Texas.