Clarence and Shonn Brown were married for 21 years and became one of the power couples of corporate law in Texas. He was the GC of Kronos Worldwide. She is the deputy GC of Kimberly-Clark Corporation, a multinational personal care products maker. Last Friday, Clarence Brown died from complications from a head injury. He was 52. But the impact he had was immeasurable. The Texas Lawbook has an in-depth report.
More Stories
CDT Roundup: 13 Deals, 89 Lawyers, 10 Firms, $7.22B
It’s the threat to financing conditions that’s keeping commercial bankers up at night as they contemplate inflation’s relationship to M&A through the end of the year. Yet, like the nagging possibility of Covid-related shutdowns or uncertainty tied to changes in federal tax policies, it’s a matter of sector for investors on both the buy- and sell-sides. In Texas dealmaking last week, strategic acquisitions had a moment as 89 lawyers played a part in 13 deals.
Top Texas Firms Join BigLaw’s Fight Against Lawsuits Alleging SPACs are Investment Companies
The incredible volume of SPAC investment and activity has encouraged plaintiffs’ attorneys to seek creative arguments to challenge the SPAC structure. Three derivative lawsuits filed in August in the Southern District of New York sparked an official response from nearly all of the leading transactional firms in the U.S. This article describes the implications on the SPAC practice going forward.
Katten Recruits Kirkland Deal Partner in Dallas
Dilen Kumar visited with The Lawbook about his decision to join Katten, his highlights from working in the White House Counsel’s Office and what kinds of deals he is seeing in his practice.
Texas-based Firm Finances: The Kingpin of Texas Corporate Law – Dallas or Houston?
While there has been great focus lately on the Austin legal market, Dallas and Houston still dominate the corporate law world in Texas. But figuring out which market is doing better depends on the measuring stick. One city has more lawyers at corporate law offices. The other generates more revenues from business clients. Find out which city is the unofficial kingpin of Texas corporate law – Dallas or Houston? Or is it a feud running on fumes? This is part four in The Texas Lawbook series on Texas-based law firms.Note: The chart in this story has been updated to correct revenue figures for Locke Lord.
Legendary Trial Lawyer Walter Umphrey Dies
A philanthropist and founding partner of Provost Umphrey, Umphrey scored a couple billion-dollar judgments asbestos victims in the 1980s 1990s and then led the Texas litigation team that secured a $15.3 billion settlement in 1998 against the cigarette makers.
Experts & Data: Trade Secrets Cases See Steady Growth
While patent litigation tends to steal the headlines, another area of intellectual property law is also gaining traction. Over the last five years, a steady growth in trade secrets cases has been interrupted only during the pandemic. The Lawbook’s Natalie Posgate taps the data and the views of a broad range of experts on the forces behind the surge.
Enbridge to Pick up Moda Midstream Assets in $3B Deal
Pipeline giant Enbridge is making a significant play in the Gulf of Mexico as it seeks to acquire key assets from EnCap Flatrock Midstream-backed Moda Midstream Operating. Vinson & Elkins, Shearman & Sterling and Sidley Austin advised.
Don’t Fight the Facts: Collect More Money and Get Paid Faster with Online Payments
Recent studies have concluded that firms that utilized online payments in their practice collected $10,000 more per attorney than firms that did not. LawPay outlines the benefits of frictionless billing in this article.
Latham Officially Opens in Austin
The Austin legal market continues to be red hot with the arrival of Latham & Watkins, which tapped corporate attorneys from DLA Piper and Wilson Sonsini. Firm leaders anticipate current partners with strong ties to Texas will either relocate or spend significant time in the state capital.