Bell Nunnally highlighted its representation of Dallas-based ISN Software Corporation in a late year funding by the Blackstone Group as one of its most important successes in 2020. Blackstone’s minority investment values the company at more than $2B – adding another “unicorn” to North Texas’ growing stable. In a significant pro bono achievement, senior associate Arianna Goodman led the firm in partnering with the Buried Alive Project to reduce an inmate’s sentence substantially under the First Step Act.
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CDT Roundup: 22 Deals, 11 Firms, 199 Lawyers, $17.84B
Shifting priorities to include ESG and climate friendly policies has been a long road for companies – and offers new opportunities for shareholders and investors. Baker Botts’ Travis Wofford discusses what’s front-of-mind for boards as they begin to contemplate the next proxy season. And in this week’s Corporate Deal Tracker roundup, 199 Texas lawyers played a role in 22 transactions.
Collin Cox Jumps from Yetter to Gibson
Another large corporate full-service law firm has nabbed another young partner from a litigation boutique. Gibson Dunn’s plan is to “grow out” the litigation practice in Houston.
Updated: Texas-based Firms’ Finances, Part 2: ‘Gang of Six’ Trying to Win in the Big Leagues
They bear storied names in Texas corporate law: Vinson & Elkins, Baker Botts, Haynes and Boone, Akin Gump, Locke Lord and Bracewell. National firms continue to expand their Texas market share, but the big legacy firms still carry considerable weight in Texas corporate law. They’re not giving in without a fight and busy growing revenues and hiring lawyers in 2021. Editor’s note: The Lawbook article has been updated to show that Baker Botts’ 2020 revenue in Texas was $361.9M in Texas – not $336M as originally reported.
Texas Law Firms Delay Return to Office, Mandate Vaccinations
Citing the growing threat of the Covid-19 Delta variant among people who are unvaccinated, several law firms in Texas – Akin Gump, Haynes and Boone, Norton Rose Fulbright and Vinson & Elkins – have announced they are delaying the date when they will require lawyers and staff to return to the office and that employees working on-site must be vaccinated.
Premium Subscriber Spotlight: Jackson Walker
Jackson Walker had a blockbuster year for bankruptcy work in 2020, much of which was led by Houston partner Matt Cavenaugh. But not all of the firm’s successes were tied to Covid-19 and its impact on clients. A team of litigators obtained the largest known recovery in a student speech case in the U.S. Plus, the firm established new partnerships with the Buried Alive Project and the Promise of Justice Initiative.
EDTX Enters Final Judgment in Trade Secrets Case, Awards ResMan $62M
Plano-based property management software company ResMan is fixing to have a lot of zeroes in its bank account, assuming its courtroom opponents don’t appeal a final judgment entered against them Thursday. Natalie Posgate explains.
Texas-based Firms’ Finances, Part 1: Some Optimism, Some Challenges
Don’t write the obituary for Texas-based corporate law firms just yet. There are fewer than a decade ago, but most are doing quite well financially. In fact, 10 scored record Texas revenues in 2020 despite the pandemic and economic slowdown. Even more of the Texas-based firms say they’re doing better in 2021 than last year. And all of them are hiring more lawyers to handle the increased legal work clients are sending them.
CDT Roundup: 17 Deals, 139 Lawyers, 12 Firms, $13.67B
There’s no shortage of capital for Texas GPs. It’s just a question of deployment when it comes to buyouts or growth equity these days for the state’s private players. And in this week’s Corporate Deal Tracker Roundup, Texas counsel took part in 17 deals that spanned a carveout, a SPAC IPO and a cross-border direct loan.
Chesapeake to Acquire Plano’s Vine Energy
Chesapeake Energy plans to snap up Blackstone-backed Vine as it looks to create the largest producer in the Haynesville Shale. Texas lawyers from Latham & Watkins, Kirkland & Ellis and Weil provided counsel on the $2.2 billion deal.