Over the past few years, contingent risk insurance has risen in prominence in the litigation finance world as an alternative or companion to traditional litigation finance. This article provides a summary of the ways that clients and their counsel can use these tools to enhance revenue growth while controlling costs and mitigating the risks inherent in litigation.
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Texas Leading Dealmakers — CDT List Names, Firms, Genders, Locations and More
Nearly 500 Texas lawyers led M&A transactions in 2023. The Texas Lawbook’s exclusive Corporate Deal Tracker has the complete list, ranking them by deal count and deal value, by law firm, city and gender. There are a few surprises, such as the number of associates who led or co-led mergers, acquisitions and joint ventures for buyers, sellers and targets. There are a few new names in the top 50, including at No. 1.
But the CDT lead dealmakers list provides some data that has become expected, including how a lot of the lead legal advisors work at only a handful of law firms or how the dealmakers in one city dominate all the other metros combined. And, of course, there is the issue of diversity — or lack thereof — of those who lead M&A transactions in Texas. This article documents the lead and co-lead Texas lawyers for buyers, sellers and targets and is the result of months of data research and reporting by Christi Trammell, Allen Pusey and Jeff Schnick. It was written by Mark Curriden.
Who the Hell is Kevin Henderson?
If ranking at the top of The Texas Lawbook’s deal lists pisses off a few lawyers at Big Law firms in Texas, Kevin Henderson can live with that. In a way, he planned on it. He closed 30 transactions last year in an M&A space most of them wouldn’t bother with, creating a space of his own with an unusual firm structured in an unusual way for an unusual market.
U.S. Fifth Circuit Rejects Environmental Complaints Against Offshore Oil Transfer Platform
In a decision filed Thursday, the U.S. Fifth Circuit upheld the federal permitting for the Sea Port Oil Terminal project, a massive crude pipeline network and storage facility to be located off the Texas coast. The appeals court refused a demand by environmental groups that the U.S. Maritime Administration revisit the environmental impact of the project for its potential harm to the ecological balance in the Gulf of Mexico and the possible extinction of the endangered Rice’s whale.
Kirkland’s Sarah Mallett on the SEC’s Whistleblower Efforts, Disclosures Involving AI and Challenges Facing the FWRO
In this Q&A with The Lawbook, Mallett discusses her time at the SEC, the challenges facing the SEC’s Fort Worth Regional Office, the SEC’s expansion of its whistleblower program and the impact on Texas businesses, and other SEC enforcement trends that impact companies and those in the financial investment world.
P.S. — A Legal Line, A New DRC Board Member, A CLE-Accredited Criminal Justice Talk
This edition of P.S. features a Barnes & Thornburg lawyer who joined an esteemed board of key business leaders in Dallas; an upcoming CLE that includes a conversation with a corporate lawyer turned criminal justice reformer who founded three nonprofits, achieved clemency for seven pro bono clients, did a TED Talk and wrote a memoir about her experience growing up with her mother behind bars; and upcoming dates in April when those in need of free legal services can receive pro bono legal advice by phone.
Other firms and corporate legal departments featured this week include Carrington Coleman, Southwest Airlines, Locke Lord, Haynes Boone, Jones Day, Match Group and Winstead.
Texas Lawbook Foundation Annual Report
The legal community in Texas is facing some huge issues in 2024 that require significant thought, in-depth research, strong leadership and an open discussion. There is the immigrant crisis on the border and how state, local and federal governments and the courts are handling it — or not handling it. Diversity and inclusion efforts have never been more important, more complicated or more controversial. Legal aid for the poor is at a critical stage, as veterans, single mothers, tenants and the elderly face significant perils without the assistance of lawyers. The need for a full-time reporter and writer covering pro bono, public service and diversity in the Texas legal profession has never been greater.
Fifth Circuit Hears Mining Companies’ Bid to Undo Pecan Farm’s Jury Win
Just east of Austin, Martin Marietta Materials and TXI Operations operate a sand and gravel mine on the banks of the Colorado River. Their neighbor across the river, on the northern bank, is Good River Farms, a 377-acre pecan farm containing about 8,000 trees that has been owned and operated by the Wimberly family since 1959. This lawsuit was spawned from a major rain event — described as a 120-year flood — that hit the area on Oct. 30, 2015.
Former U.S. Trustee Trial Attorney Goes to Ross, Smith & Binford
J. Casey Roy’s experience in regulatory and healthcare matters presents a “truly unique breadth of expertise,” firm partner Jason Binford said in announcing the lateral move. Roy also previously served as an assistant attorney general for Texas.
A New Shift in Candidate Assessments
Recent trends show that firms are facing a new wave of lawyers doing more due diligence of firms prior to accepting (and even rejecting) offers. While law firms scrutinize resumes of potential candidates, they may themselves be subject to deeper review.