Private equity firms’ rate of return isn’t so rosy due to record amounts of dry powder pushing up prices for deals, according to a recent report. Meanwhile, dealmaking was decent among Texas lawyers last week thanks to two MLP simplification deals worth almost $10 billion.
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St. Louis Firm Expands into Texas with Four Dallas Litigators
Thompson Coburn has opened its sixth office nationwide with partners from Thompson & Knight and Hedrick Kring. The firm aims to grow to 40-plus lawyers over the next few years.
Perkins Coie Continues Growing Austin Office
Perkins Coie’s fourth partner hire in its new Austin office brings healthcare expertise.
Head of K&L Gates Houston Office Moves to Winston
Michael Murphy is the third partner to join Winston in Houston since the start of the year.
An Email is Still Not a Contract — SCOTX
Emails can be useful tools for negotiation, but they aren’t definitive until both sides agree they are, wrote Nathan Hecht in Chalker Energy Partners III v. Le Norman Operating. Janet Elliott has details.
Two Reed Smith Energy Partners Relocate to Austin
Oil and gas partner Gary Johnson and renewable energy partner Ed Rogan have moved from Houston and San Francisco, respectively.
Houston-based BMC Software buys Compuware for reported $2B
The KKR-backed buyer used Simpson Thacher attorneys in New York along with BMC’s general counsel.
State Bar of Texas Lawyer Discipline
Bar Discipline, as reported by the State Bar of Texas this month, includes six license suspensions, three disciplinary appeals, three public reprimands and one disbarment. Two of the disciplinary appeals include a Lake Jackson lawyer convicted of faking real estate documents and a former state district judge from South Texas convicted of receiving bribes.
DBJ: Sheppard Mullin Doubles Downtown Footprint
Sheppard, Mullin, Richter & Hampton has doubled its footprint in downtown Dallas. The company recently expanded its lease at Chase Tower from 25,902 square feet to 51,804 square feet and
SCOTX: ‘General Easements’ Aren’t a Problem Until They Are
Seventy years ago, utility companies were routinely granted easements across private property of no fixed width. Those “general easements” have become a concern for landowners who fear they give the companies too much power over their private land. Last week, the Supreme Court of Texas ruled on such a case made by three North Texas landowners. Their ruling offered sympathy, but not a lot of help.