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.

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.

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.