What started out with a group of attorneys organizing a luncheon to raise money for a local charity has grown over three decades, adding events and raising more than $5 million for its partnered nonprofits. It’s also become an important networking organization for the nearly 300 women lawyers who are members. Texas Lawbook correspondent Nushin Huq spoke with several of ASC’s key leaders about the organization’s influence and impact.
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Kirkland Adds Corporate Partner in Austin Office
Kirkland & Ellis has added the former co-chair of Baker Botts’ private equity pillar as a partner in its all-new Austin office.
Forterra GC and Sidley Team Take ‘Holistic Approach’ in Winning $100M Earnout Dispute
Mergers and acquisitions that end up in high-stakes litigation are often about two issues: the fine print of the transaction agreement and the intent of the buyers and sellers. No one knows this more than Forterra GC Lori Browne, who spent the past six years battling the German company that sold the water and drainage pipe maker to private equity fund Lone Star for $1.3 billion on Christmas Eve 2014. Browne won the case and the 2020 DFW Outstanding Corporate Counsel Award for Business Litigation of the Year.
Q&A: Lori Browne
FOR PREMIUM SUBSCRIBERS Forterra GC Lori Browne spent six years battling the German company that on Christmas Eve 2014 sold the water and drainage pipe maker to private equity fund Lone Star for $1.3 billion. Texas Lawbook founder Mark Curriden had the opportunity to speak with Browne about what she looks for when hiring outside counsel, how her job evolved during those six years of litigation and what personal experiences have have most impacted her life.
In a ‘Watershed Event,’ a New No. 1 in Texas Revenue
For the first time in decades Baker, Botts, Fulbright, Vinson and Elkins are not in the name of the top revenue generating corporate law firm in Texas. Vilified and envied for their aggressive recruiting practices and phenomenal growth, a non-Texas-based law firm increased revenues by 35% and headcount by 22% in 2020, conquering the top spot in The Texas Lawbook 50, our annual ranking of corporate law’s Texas revenues. How did they do it? It is all in the numbers. The Texas Lawbook has the in-depth report.
CDT Roundup: 18 Deals, 13 Firms, 220 Lawyers, $10.6B
There’s renewed vigor behind the Baby Boomer exit thanks to option value, pandemic fatigue and the looming threats of shifting capital gains and QBI treatments. The Texas Lawbook has that take on the sell-side environment and more in this week’s Corporate Deal Tracker installment.
DBJ: Vista Equity-backed Solera to Acquire 2 Texas Companies
Vista Equity is looking to roll up three of its portfolio companies based in North Texas as Solera Holdings looks to acquire Omnitracs and DealerSocket.
Insolvency and Fiduciary Duties of Directors Selling a Business – In Re Nine West
The holding late last year in In re Nine West LBO Securities Litigation set the business bar abuzz. In this article, Crain Caton & James shareholder Adrienne Bond provides key takeaways from a case perceived as a groundbreaker in fiduciary duty case law.
Williams v. ETE Trial Finale: The Battle of the Tax Lawyers
The high-stakes trial between Williams and Energy Transfer over their failed $38 billion merger concluded with testimony from several high billable hour tax lawyers from Cravath, Latham, Wachtell and Gibson Dunn. Natalie Posgate reviews their testimony, which will help a Delaware chancery court decide which party is on the hook for a $410 million merger breakup fee.
Best Practices to Preserve the Integrity of Remote Testimony
While lawyers continue to adjust to practice during the pandemic, it is increasingly clear that certain new ways of doing things will become standard when we return to working in person. This includes remote witness testimony. Remote practice has exposed a heightened risk of unethical behavior, including undisclosed communications between the witness and counsel mid-testimony in violation of controlling federal and Texas law. Because it is harder to uncover such misconduct in a remote setting, counsel should take necessary steps to manage these risks effectively and efficiently.