Out-of-state law firms generated nearly $4 billion in revenue from their Texas operations last year, which is more than the Texas headquartered firms made, according to new numbers from “The Texas Lawbook 50.” The exclusive data finds that 40 non-Texas firms are still increasing market share, as lawyer headcounts and revenue-per-lawyer rising at above-average rates in 2020. The Texas Lawbook has an in-depth analysis.
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Weil Joins Nat’l Firms in Relocating Partners to Texas
Weil Gotshal announced Monday that one of its New York bankruptcy partners, Gabe Morgan, is moving to the firm’s Houston office. The New York-based Weil is the latest large national corporate law firm to relocate partners and associates from their other offices to Texas due to the tight legal market where the demand for legal services has far outpaced the supply of experienced legal talent.
Premium Subscriber Spotlight: Munck Wilson Mandala
Munck Wilson identified executive committee member Jenny Martinez as one partner who really shined in 2020 and has played a leading role in recruiting and hiring strong female laterals. The Dallas-based firm has nearly tripled its female partner headcount in the past three years. Looking ahead, the firm aims to expand in Miami by the end of the year.
The Buzzword in Oil and Gas? ‘Scale’
Transaction volume in oil and gas is expected to continue at a consistent clip through the rest of the year. The Texas Lawbook has more on the outlook in the space – with Skadden partner Eric Otness of Houston adding perspective to the midyear update.
Baker Botts Strengthens Finance Practice in Houston
Two months after landing TK’s former finance chair, Baker Botts has gained a finance pro from Shearman & Sterling.
Premium Subscriber Spotlight: Norton Rose Fulbright
What were the firm’s biggest or most important (non-client) achievements as a firm in 2020? At Norton Rose Fulbright, we achieved our greatest successes this past year in diversity, equity and
Yetter Coleman Raises Associate Pay
Yetter Coleman is the latest Texas law firm to join the associate salary hike launched last month by Davis Polk.
CDT Roundup: 24 Deals, 13 Firms, 94 Lawyers, $7.49B
The adoption and development of battery storage systems could mean big things for the energy transition and middle-market private equity firms are taking note. Kirkland’s Shubi Arora touches on the potential of backing the technology in this week’s edition of the Corporate Deal Tracker Roundup.
SCOTX Clarifies Scope of General Contractor’s Duty of Care to Subcontractor Employees
The Texas Supreme Court recently reaffirmed that the typical aspects of the general contractor/subcontractor relationship do not give rise to a duty of care to subcontractor employees. The JLB Builders case, however, is a timely reminder that general contractors who exercise too much control over the manner and means of its subcontractors’ work may find itself on the hook for injury claims brought by subcontractor employees. Cornelius Sweers of Porter Hedges considers the ramifications of the decision.
Latham Snags Ravi Purohit
Latham & Watkins is bringing in Ravi Purohit, a corporate attorney with deep in-house and investor experience, as the firm looks to further build out its infrastructure offerings. Purohit, along with Tim Fenn and Justin Stolte, spoke with The Texas Lawbook about the move.