Ryan Gorsche and Katie Legband O’Brien, corporate M&A partners, have joined O’Melveny in Dallas from BakerHostetler, where they practiced in the firm’s mergers and acquisitions, private equity and venture capital groups. They will focus their practices on complex domestic and cross-border M&A transactions and private equity matters.
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The Texas Trio: Different Paths to Breakout Results
Three large corporate firms — all with deep Texas roots and Texas-sized offices. They are the second, third and fourth largest law firms operating in Texas by lawyer headcount. All three are in growth mode. All three reported record revenues and record profits in 2025.
Combined, Jackson Walker, Haynes Boone and Norton Rose Fulbright saw their 1,364 Texas lawyers generate a combined $1.53 billion in revenue last year — a 15 percent increase over 2024, according to new Texas Lawbook 50 data.
Leaders for the trio of firms say the first quarter of 2026 is off to another record start.
Founder of Houston O&G Company Owes $39M in Breach of Contract Trial, Colorado Jury Finds
DENVER — The eight-member jury unanimously found Tellurian founder Charif Souki breached a contract with an investor and awarded $39 million in damages after deliberating just over three hours on a snowy Friday afternoon. While the jurors found Parker prevailed on his breach of contract claim based on a 2019 text message exchange, they rejected his five other claims, including breach of a separate agreement, fraudulent inducement, unjust enrichment and promissory estoppel.
Chevron USA Wins Big at SCOTUS
The U.S. Supreme Court Friday decided that an environmental damages lawsuit in a Louisiana state court against oil and gas giant Chevron USA should rightly be removed to federal jurisdiction because of the company’s history as a vendor for petroleum products during World War II.
Chevron was represented by Paul Clement of Clement & Murphy. Plaquemines Parish was represented by Louisiana Solicitor General J. Benjamin Aguiñaga and Victor Marcello of Talbot, Carmouche & Marcello in Baton Rouge.
QVC Group Hires Kirkland, Gray Reed for Bankruptcy Case
Television in the 1980s disrupted the media landscape with MTV and the QVC Shopping Network. MTV long ago gave up playing music videos, and the QVC Group on Thursday officially filed for Chapter 11 protection in the bankruptcy court in the Southern District of Texas, citing $6.6 billion in debts.
P.S. — Shackelford Lawyer Mobilizes Aviation Industry to Aid Cancer Patients, Film Chronicling Austin Sexual Assault Lawsuit to Screen at TRLA Benefit Event
In this edition of P.S., we bring you a story about one Shackelford, McKinley & Norton lawyer who found a way to honor his grandfathers who died of cancer by drawing on his industry connections to help families preserve time together.
Tellurian Founder Testifies, Motion for Judgment Denied
DENVER — Parties rested their cases Thursday afternoon in the breach of contract case between investor Chris Parker and Tellurian founder Charif Souki over an alleged agreement not to sell Tellurian stock. The eight-member jury will decide whether a text message exchange is a binding contract Friday.
Munsch Hardt Scores New Addition for Sports & Entertainment Practice
Brent Turman, who practiced for nearly a decade at Bell Nunnally, said he has been impressed by Sunil Jamal and the firm’s investment in building its Sports & Entertainment team.
TPG Acquires Sports IP Platform Learfield
Fort Worth private equity firm TPG announced this week that it has agreed to acquire Learfield, a Plano-based media company that specializes in monetizing the intellectual property of college athletics.
O’Melveny Adds SMU’s Laura Burstein as First Texas Pro Bono Counsel
After 12 years at SMU Dedman School of Law, where she built and led its public interest and pro bono programs, Laura Burstein has joined O’Melveny & Myers as its first Texas pro bono counsel.