In this edition of Asked & Answered, McKool Smith’s Sam Baxter, who recently retired, reflects on his 56-year career. While he is known for his work trying intellectual property cases in the Eastern District of Texas, he started out as a prosecutor and judge.
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Willkie Adds Dallas Executive Compensation Partner
Jason Loden, an executive compensation and employee benefits partner, has joined Willkie Farr & Gallagher in Dallas from Baker Botts. He will focus his practice on advising companies, private equity funds and nonprofit entities on executive compensation, employee benefits and tax matters.
Dallas Assistant GC Moves from JPMorgan to Squire Patton Boggs
Richard Potomac, a financial services of counsel, has joined Squire Patton Boggs in Dallas from JPMorgan Chase. He will focus his practice on advising financial institutions and fintech companies on regulatory, transactional and compliance matters, including payments law and technology transactions.
Simpson Thacher’s Really, Really Big Year
The Texas Lawbook launched the Texas Lawbook 50 and the Corporate Deal Tracker in 2015 — two exclusive databases that calculate the law firm headcounts and revenue in Texas. The CDT documented those law firms’ M&A and capital markets transactions. Simpson Thacher didn’t make the leaderboard of either database in 2015.
A decade later, however, and the elite Wall Street corporate law firm is vaulting up both rankings by increasing its 2025 Texas headcount by 26 percent, its Texas revenue by 34 percent and leaping into the upper echelons of Texas dealmakers.
The Texas Twelve
Eleven of the dozen Texas-based corporate law firms in the Texas Lawbook 50 experienced record revenue and profit in 2025, and the 12th firm did pretty damn well, too.
Citing heavy demand in legal services for real estate, tax, corporate transactions, fundings, commercial litigation and intellectual property disputes, the Texas-based lawyers for the Texas 12 generated $3.58 billion in 2025 — 10.56 percent more than the year before, according to the Lawbook 50.
Texas Business Court Quarterly Update – 2026 Q1 Summaries
In the first quarter of 2026, the Texas Business Court continued to make progress through the ever-growing number of lawsuits appearing on its dockets. In the first few quarters following the Business Court opening its doors Sept. 1, 2024, the vast majority of its opinions resolved the jurisdictional and procedural questions entailed in standing up a new court with limited jurisdiction. In the second half of 2025, such procedural decisions were increasingly mixed with substantive decisions. Early 2026 marked a new phase of the Court gaining “cruising altitude,” with many of the initial procedural and jurisdictional questions behind it and most decisions addressing the merits of the disputes.
Toyota CLO Sandra Phillips to Retire from ‘Dream Job’
Toyota Motor North America chief legal officer and corporate secretary Sandra Phillips told The Texas Lawbook Tuesday that she is retiring from the company’s top legal post July 31 to spend more time with her parents, who are in their 80s, and to focus more on serving on corporate boards.
“I’ve been living the dream job for 15 years, working with a great team,” Phillips said. “I am proud that I was able to help Toyota navigate some of its most difficult issues and to help move this great company forward. This is a good time to transition to a team that is ready to take more responsibility and lead Toyota into the future.”
Longtime Litigator-Turned GC Returns to Private Practice in BakerHostetler’s Dallas Office
Lisa Staler Gallerano is returning to private practice after nearly a decade in-house, joining BakerHostetler’s Dallas office as of counsel in the firm’s litigation practice group. Gallerano also will be a member of the firm’s commercial litigation team.
Clifford Chance Continues to Grow with Two More Houston Partners
Clifford Chance has named J. Laurens Wilkes a partner in its Houston office and global head of infrastructure disputes.
The firm also appointed Caitlin Gernert as a Houston partner, adding further depth to its infrastructure, energy and construction litigation team.
Justice Barrett Talks Life on the Bench
U.S. Supreme Court Justice Amy Coney Barrett spoke about her book Listening to the Law at the George W. Bush Presidential Center on Southern Methodist University’s campus Monday evening. From clerking for Justice Antonin Scalia to ruling on a death penalty case, Justice Barrett covered a few topics in her book.