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The largest law firm in Texas has finalized a merger that significantly expands its operations in New York and Washington, D.C., and adds gravitas to its corporate mergers and acquisitions practice. Norton Rose Fulbright announced Friday that it has closed its combination with Chadbourne Parke, a 400-lawyer firm based in New York.
Haynes and Boone managing partner Tim Powers is navigating the 570-lawyer firm through turbulent and challenging times never before witnessed in the Texas legal market. Large, full-service corporate law firms in Dallas and Houston are simultaneously achieving historic financial successes and facing dire obstacles that threaten their very existence. “To say that we are in a volatile market would be an understatement,” Powers says.
In the annual ledgers of corporate law firms in Texas, 2016 was an excellent year. For more than a dozen law firms operating in the state, it was the best year ever. Twenty-nine of the 40 corporate law firms in The Texas Lawbook 40 survey increased revenues from their Texas operations. Half of those 29 law firms are headquartered outside the state. Fourteen law firms saw revenues in Texas jump by 10 percent or more. Nine of the 14 are firms based elsewhere. In this in-depth article, The Lawbook looks at the financial data of 40 leading law firms operating in Texas.
Large Texas-based corporate law firms employed eight percent fewer business lawyers in 2016 than they did the year before.
Large Texas-based corporate law firms employed eight percent fewer business lawyers in 2016 than they did the year before.
An international law firm Baker Botts has decided to stay in its large office within Trammell Crow Center in downtown Dallas, with plans to rebuild its entire space within the skyscraper.
What's the one question law firms don't want to hear? "In which city are you headquartered?"
Latham & Watkins oil and gas partner Michael Darden and former Apache Business Development Manager Justin T. Stolte officially launched Gibson Dunn's Houston office this week. Six more partners are expected to be announced later this month.
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