In what has proven to be an increasingly uneven deal environment week-over-week this year, there’s been a steady stream of billion-dollar transactions to kick off the third quarter. Good news, right? Sure, but the devil is in the details. Even with lingering uncertainties around interest rates and geopolitical tensions (both kinetic and trade), Texas lawyers were part of nine major deals exceeding $1 billion since the beginning of July. The transactions span multiple sectors, from energy infrastructure to data centers, highlighting the state’s continued appeal as a hub for transformative corporate combos and tie-ups. The Lawbook recently asked Texas dealmakers with extensive experience handling billion-dollar transactions to share their perspectives on the current M&A environment, including their assessment of the first half of the year, the third quarter so far and their outlook moving forward.
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Changes Are Coming to Healthcare Noncompetes in Texas
Healthcare employers in Texas face new requirements for noncompetition agreements following the passage of Senate Bill 1318. The legislation modifies existing requirements for physician noncompetes under Section 15.50 of the Texas Business & Commerce Code and creates a new Section 15.501, which extends certain noncompete restrictions to dentists, nurses and physician assistants for the first time.
Aleon Metals Uses MoFo, Norton Rose Fulbright for SDTX Bankruptcy
Lithium-ion battery recycler Aleon Metals and two of its subsidiaries, Gladieux Metals Recycling and Aleon Renewable Metals, filed for Chapter 11 restructuring Sunday in the Southern District of Texas.
CDT Roundup: Last Week’s Deal Flow was More Mirage Than Momentum
The week ending August 16 saw 13 deals for $26 billion. At first blush that meshes nicely with the week prior, which saw 19 deals valued at $16 billion. But don’t be deceived. Of those 19 deals in the prior week, 15 of the volume (and $11 million of their value) were for M&A or fundings. Last week saw only seven M&A/Fundings valued in total at just over $3 billion. And the big deal of the week was a capital markets filing: a $20 billion upgrade in a previously announced At-The-Market issue for a crypto miner. That’s a questionable week masking as a blockbuster. That and more in this edition of CDT Roundup.
Family Seeks More Than $1M for Daughter’s Death in Kerr County Floods
The first lawsuit in the aftermath of the Fourth of July Kerr County floods was filed in Kerr County District Court. The family of a woman who died in the flooding alleges an RV park committed negligence and is seeking a jury trial and damages.
U.S. Trustee Opposes Jackson Walker Bankruptcy Settlements, Seeks Trial and Stronger Penalties
The federal government’s bankruptcy court watchdog asked a federal judge Friday to reject efforts by Jackson Walker to individually settle claims against it involving the law firm’s critical role in the secret romance scandal between one of its partners and former Houston Bankruptcy Judge David Jones.
Clark Hill Adds Estate Planning Pro
Clark Hill recently added Jason McCuiston as a member to its tax and estate planning group in the Collin County office.
Bradley Adds Another Partner in Dallas
Bradley Arant Boult Cummings named Jeffrey M. Harvey partner in its corporate and securities practice group in Dallas.
P.S. — Magna Stella Awards Spotlight State’s Leading In-House Counsel, Memorabilia from Judge Barbara Lynn Goes to Auction
In this week’s P.S. Column, we celebrate the winners of the Texas General Counsel Forum’s Magna Stella Awards, honoring in-house legal leaders for their outstanding achievements ahead of the Nov. 20 ceremony in San Antonio. We also highlight the ongoing Dallas Women Lawyers Foundation’s auction of memorabilia from Judge Barbara Lynn’s career.
15 Firms in Texas Achieve Lawbook 50 Elite Status
Despite ever-higher standards, more corporate law firms in Texas achieved Texas Lawbook 50 elite financial status last year than ever before. Eighteen business law firms reported revenue per lawyer for their Texas offices of $1.5 million in 2024. Eighteen firms also scored profits per partner of $3 million or more — though not the same 18. Thanks to scores of senior corporate lawyers now billing at hourly rates exceeding $2,000, 15 law firms operating in Texas achieved both of those criteria — up from 11 in 2023.