Below is a list of qualified M&A transactions reported to The Texas Lawbook for 2022. The list is organic, designed to grow as needed. So if you have deals that qualify
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Baker Botts Fights ‘Tampon Tax’ Imposed by Texas Comptroller
Lending pro bono assistance, Baker Botts is teeing up a constitutional challenge to the Texas comptroller’s decision that sales tax must be collected on feminine-hygiene products when the agency concludes Band-Aids and gauze – and even libido boosters for men – should not. This policy, argues the energy partner who is tackling the challenge, Meghan Dawson McElvy, “favors the male sex drive and organs over the management of female menstruation.”
‘Feeding Frenzy’ – Texas Corporate Law’s Great Game of Musical Chairs Hits New Heights
Corporate law firms operating in Texas went on a hiring spree in 2021, using six-digit signing bonuses, promises of faster promotions to partner and two hikes in base pay in a high-stakes race to build the staffs needed to meet rising client demand for legal work. The result was the largest – and most expensive – game of musical chairs ever witnessed among the biggest corporate firms in Texas.
Correction: The previous version of this article reported the wrong lawyer count numbers for Kirkland & Ellis. The firm actually grew from 290 Texas lawyers in 2020 to 371 last year. The Lawbook apologizes for this error.
Feds Are 11 for 11 in Guilty Pleas in $300M Medical-Lab Kickback Scheme
Less than three months after their indictment, 11 Texans, including two doctors, have pleaded guilty in a payoff scheme involving needless lab tests billed to Medicare and other federal programs by three Dallas-area labs.
Lessons from the DaVita Win
The antitrust matter was the first criminal case alleging an illegal conspiracy involving a “non-solicitation” or “no-poach” agreement. This article shows why it is an issue of serious importance to GCs around the state.
Christopher Peponis Leaves White & Case for Latham
One of the project partner’s recent notable deals was advising Vitol on a 10-year, $12 billion contract to buy LNG from Houston-based Tellurian.
CDT Roundup: 11 Deals; 7 Firms; 156 Lawyers; $6.6B
Upstream deals have flourished in the first quarter of 2022, according to data from Enverus. Compared to the same stretch in 2021 they’ve more than tripled in value. And there are more deals out there, just waiting for commodity prices to stabilize. More on that possibility, along with last week’s transactions, in the CDT Roundup.
Law Firm Offices: A Destination, Not an Obligation
The Gensler Research Institute reports that while many industries are cutting back on their real estate footprints, law firms and other top performing companies continue to increase square footage. This article explores the ways firms are trying to create a “truly experiential” environment to attract and retain talent.
Pictured: Hunton Andrews Kurth’s Houston office (courtesy of Gensler)
Three Middle-Market Law Firms, One Record-Setting Year in Texas Revenues
Three middle-market law firms achieved record revenues and profits in 2021. All three jumped above the $700,000 mark for revenue per lawyer. All three predict 2022 will be even better ― so all three are in expansion mode and looking to grow headcount. And none of the three sees any advantage in merging with an out-of-state law firm. Legal industry analysts say Munsch Hardt, Gray Reed and Munck Wilson sit in a strategic sweet spot.
SCOTUS Denies Review in the Dallas Death Penalty Case of Kristopher Love
The U.S. Supreme Court’s liberal justices on Monday criticized their colleagues and the Texas Court of Criminal Appeals for the handling of the long-running death-penalty case.