Free Speech, Due Process and Trial by Jury
T. William Porter and the firm he created are celebrating 35 years in business. Porter Hedges now has 104 lawyers, $71.5 million in revenues and an enviable list of premium clients. This article chronicles the firm's early challenges, the weekend it nearly failed, details of extraordinary successes and why it is now the most sought after corporate law firm in the U.S.
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.
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.
© 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
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.
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.
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