The Houston office of Latham & Watkins had not been open for a year when Ryan Maierson experienced a significant realization. The office opened in February 2010, and as the year progressed, he and the other partners at Baker Botts began to marvel at how easily this “non-native” firm from Los Angeles integrated itself into Texas’s established transactional law environment.
Other national firms had previously entered the Texas market. However, with Latham — the second most profitable law firm in the world — something felt different. In less than a year, Latham had achieved what no other national firm had managed to do: it instilled a sense of fear in the long-established Texas firms that had previously dominated corporate law in the Lone Star State.
Fifteen years later, this is the story of how Latham changed the game in Texas.