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Introducing Charles Schwab GC Peter Morgan — An Exclusive Q&A with The Texas Lawbook

Charles Schwab’s relocation of its global headquarters, including its 150-member corporate legal department, from San Francisco to a 70-acre campus in Westlake’s Circle T Ranch development is complete, and by all accounts, the transition has been hugely successful. The move required a significant amount of infrastructure work by the legal department for Schwab, a multinational financial services company with more than 32,000 employees, $11 trillion in assets under management and a market cap of $178 billion.

“The move itself was real legal work, including banking charter conversions and building new relationships with Texas regulators and the Dallas Fed, and we found the same constructive, execution-oriented approach throughout,” Schwab General Counsel Peter Morgan told The Texas Lawbook in an exclusive interview.

Morgan said Schwab’s hiring of two Dallas prominent lawyers — Winstead shareholder Michael O’Neal and Jones Day partner and former U.S. Securities and Exchange Commission Regional Director Shamoil Shipchandler — were critical parts of the transition. In the interview, Morgan discusses the Texas legal and business markets and the challenges ahead.

Schwab Chief Counsel Shamoil Shipchandler ‘Wouldn’t Trade Places with Anyone’

Shamoil Shipchandler scored landmark successes as a high-profile white-collar Texas prosecutor and the SEC’s top corporate cop pursuing financial criminals such as self-proclaimed frack master Christopher Faulkner and top executives at AriseBank. Shipchandler is still racking up major achievements as chief counsel at Charles Schwab where he leads a team of 15 lawyers and 11 other legal professionals.

“Most of the successes of my group cannot be publicly celebrated because they are confidential,” Shipchandler told The Texas Lawbook. “For example, closing nonpublic regulatory investigations or securing millions of dollars in FINRA arbitration victories.”

The Association of Corporate Counsel’s DFW Chapter and The Lawbook have named Shipchandler and his team at Schwab as a finalist for the 2025 DFW Corporate Counsel Award for DFW Corporate Legal Department of the Year.

Two Tapped by President Trump for Bench in WDTX

Andrew Davis, an Austin litigator who had served as a staffer on the U.S. Senate Judiciary Committee, and Judge Chris Wolfe, a Tarrant County trial judge since 2018, have been named to federal bench vacancies in Austin and Waco.

Adapt or Be Replaced — The Future of In‑House Law in the Age of AI

When AI is embedded into daily workflows, processes such as contract review, compliance monitoring, risk analysis and knowledge management stop being bottlenecks and become sources of strategic leverage. That shift frees our teams to spend time where human judgment matters most. This article offers a practical roadmap for GCs: how to adopt AI safely, how to train people effectively and how to redesign processes with AI at the core — so the legal team can be a force multiplier for the business, not a brake.

My Five Favorite Books: Conrad Hester

Whether it’s the psychological depth of Dostoyevsky or the lyrical observations of Annie Dillard, I’m drawn to stories that linger long after the final page. These books aren’t just entertaining; they are challenging but ultimately reward the time investment with illuminations on what it means to exist in our world. They’re the kind of books that make you think harder, feel deeper, and read slower.

Atlas Unplugged: In Houston Lawyer’s Collection, the Past Unfolds

In his corner office in downtown Houston, history hangs from every wall.

You don’t just see the maps. Centuries call out, empires rise (and fall) with each step you take in Joseph Ahmad’s office, where the past is still very much alive.

The collection of maps bleeds out into the hallways of the skyscraper floors that the law firm Ahmad, Zavitsanos & Mensing occupies, jockeying for wall space alongside other works of art.

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