This article covers what attorneys, from the perspective of the former employer’s counsel, should consider when developing their initial case strategies and possible action items in connection with them.
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Dawud Crooms Joins Atlantic Aviation as GC
Dawud Crooms, an in-house lawyer who led Dallas retail giant 7-Eleven through 15 acquisitions with a combined deal value of about $30 billion during the past seven years, is the new general counsel at Atlantic Aviation, a private airline support-services operation. During his seven years at 7-Eleven, Crooms played a leading role in the convenience store chain’s purchase of Sunoco for $3.3 billion and its 2020 acquisition of Speedway for $21 billion.
Q&A with Katten’s Rachel Riley
The Texas Lawbook caught up with the Katten white-collar defense attorney about her path to specializing in healthcare fraud matters and key developments at the Department of Justice, including seeing more prosecutions of doctors, executives, lawyers and accountants one year into the Biden administration.
Expanded Liability for Companies under the SEC’s Proposed Climate Disclosure Rule
The enforcement implications of the SEC’s new proposed climate rules could be far-reaching and expand the scope of liability for potential SEC investigations and shareholder litigation.
Correction and Update – Texas Lawyer Hiring Hits Record Highs in 2021, But Firms Still Struggling to Hire More
Corporate law firms operating in Texas went on a hiring spree in 2021. The 50 largest firms representing businesses in Texas added more lawyers in 2021 than they did in any of the past 12 years. A handful of elite national practices grew headcount at a spectacular pace, but many regional law firms also swelled to record levels.
With business booming, The Texas Lawbook 50’s record-setting 2021 was built on five firms with truly big net gains in staff size, another nine with double-digit increases and just two firms with net losses of more than 10 lawyers. Despite all the growth, many corporate law firm leaders say they would have hired even more attorneys if there were lawyers available. Editor’s note: The Texas Lawbook wrongly reported earlier that Bracewell’s lawyer count declined by 11 in 2021. It declined by only two. The Lawbook regrets the error.
‘We’re Not Stupid,’ SEC’s Regional Director Warns Companies Hoping to Hide Irregularities
Panelists discussed key developments and enforcement trends in rapidly evolving areas of securities regulation including cryptocurrency trading and special purpose acquisition companies (SPACs) and environmental, social and governance disclosures related to climate change.
HuntonAK Strengthens Financial Services Bench in Dallas
The firm has recruited a partner from Bracewell who has helped lead several bank mergers and brought back a lawyer from Apple.
King & Spalding Adds Houston Healthcare Partner
The former Reed Smith partner is an expert on False Claims Act matters.
CDT Roundup: 13 Deals; 8 Firms; 84 Lawyers; $1.8B
An animated bouncing ball may be needed to follow the transactions market these days. M&A for the first quarter is down worldwide 23 percent by volume over last year, while deals over $10 billion are up twice that. More on those trends in the weekly CDT Roundup, along with a relatively slim roster of Texas dealmakers reporting last week.
Shearman Beefs Up CapM, Litigation Practices in Houston
The two lateral partner additions are from Hunton Andrews Kurth and Paul Hastings.