The U.S. Court of Appeals for the Fifth Circuit ruled that a federal judge in Houston correctly rejected Ramey LLP’s claims against Amegy Bank’s parent company, Zions Bancorporation, regarding the bank’s decision to freeze and seize $249,300 related to Ramey’s forgivable loan request under the Paycheck Protection Program.
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All of Paxton’s Men (And Two Women)
Who is representing Texas Attorney General Ken Paxton in all of his various legal battles? The make-up of his defense teams have varied case-to-case, but some attorneys have been retained in almost all of the lawsuits Paxton faces. The Lawbook breaks it down.
Corporate Deal Tracker: 2023 M&A Transactions (Premium Searchable Master List)
Below is a list of qualified M&A and Funding transactions reported to The Texas Lawbook for 2023. This list, available to PREMIUM SUBSCRIBERS ONLY, is organic and searchable. It is designed to grow as
Updated — Baker Botts’ Next MP: ‘Merger May Be in Our Future’ But Priority Is Strategic Growth in Texas and Beyond
For the first time in more than four decades, Baker Botts has elected a litigation partner to lead the 600-attorney, Houston-headquartered corporate law firm. The firm’s partners have chosen corporate securities litigation partner Danny David to replace John Martin, who has been managing partner since 2019 but faces mandatory retirement later this year. In a Friday morning interview, David told The Texas Lawbook that his top priority is to “grow smart to the strengths of our leading practices.”
Latham Advises on $1.1B Gulf Coast Terminal Deal
The South Texas Gateway Terminal, located just outside Corpus Christi, is the second largest crude oil terminal facility in the U.S. The deal will be financed by a variety of debt offerings along with permanent financing backed by a $350 million bought deal offering of subscription receipts.
Earthstone Acquires Novo with a Buy-In by Northern O&G
The deal includes a concurrent sale of working assets to Northern O&G for the equivalent of a third of the consideration, meaning a net payout for Earthstone of $1 billion. The transaction, which involved nearly 40 lawyers from Kirkland and V&E, extends Earthstone’s reach in the Delaware Basin. The Lawbook has the details and, of course, the names of the lawyers involved.
Patterson-UTI Buys NexTier for Almost $2B
Gibson Dunn advised the buyer while Kirkland assisted the seller in what’s being billed as a merger of equals worth $5.4 billion.
CDT Roundup: 19 Deals, 13 Firms, 118 Lawyers, $8.5B
Deals are down across the globe, according to Refinitiv. In the U.S. the view is a little more complicated. In Texas, it’s a lot more complicated — but in a good way. The CDT Roundup has the numbers for you to consider, along with the usual rundown of last week’s deals.
Litigation Roundup: SEC Cries Delay in $8.4M Ponzi Case, SCOTX Sides with Tex-Mex Chain in Fight with City
In this edition of Litigation Roundup, the U.S. Securities and Exchange Commission is running out of patience for a duo accused of running a Ponzi scheme who have yet to retain counsel, an insurer seeks a declaration it doesn’t have to foot the bill in a $10.6 million workplace injury suit, and a Tex-Mex chain notches a win at the Texas Supreme Court.
Three Law Firms, Extraordinary Growth — The LA Connection
Three of the five fastest growing law firms in Texas today were founded or headquartered in Los Angeles. Gibson Dunn, Latham and O’Melveny added many times more lawyers and revenues in 2022 than the average corporate law firm operating in Texas, according to The Texas Lawbook 50. The three firms with California roots employed 368 lawyers who generated $595 million in their Texas offices in 2022 — up from 140 Texas attorneys in 2016 who brought in $179 million in business.
This is the story of three global corporate law firms and their extraordinary growth in Texas, as well as their strategies for the next two years. Spoiler alert: All three have deep pockets and big plans for Austin, Houston and Dallas.