The Texas Lawbook has long documented the battle between Texas corporate law firms and those that invaded the Lone Star state from across the country. The Lawbook has now conducted an analysis of the 11 out-of-state cities with multiple firms operating in Texas. It’s New York v. Chicago v. Los Angeles v. Atlanta v. Kansas City. While bigger may be better for many corporate law firms, roots are significant, too.
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Premium Subscriber Spotlight: Baker Botts
Baker Botts completed more than 50,000 pro bono hours firmwide in 2020 – the most ever by the Houston-based firm in a single year. In addition, the firm formed a strategic collaboration with Official Black Wall Street and has committed to providing $10 million of free legal services to its member businesses over the course of three years. Baker Botts also scored key litigation successes – one in a landmark patent infringement case and another in a significant wartime claims dispute.
Wilson Sonsini Picks Up Second Austin Corporate Partner from Shearman
Brian Dillavou, who focuses on representing start-ups and emerging growth companies, is reuniting with his former colleague Matt Lyons with the move.
For National Firms, Texas Just Keeps Getting Better and Better
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.
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.