Private equity contributes an estimated $4.8 billion in state and local taxes, American Investment Council’s CEO and President Drew Maloney said in an interview with the Dallas Business Journal.
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State Bar of Texas Discipline: 12 Lawyers
The State Bar of Texas has released its most recent report on disciplinary actions taken against Texas lawyers. Infractions range from possession of child pornography to forgery of court documents.
Lisa Blue Sues Tolleson Wealth, Hartford & AIG in Dispute Tied to Al Hill III
Prominent Dallas lawyer Lisa Blue Baron has sued Tolleson Wealth Management for its failure to obtain appropriate commercial insurance on her behalf, which she says led to a coverage refusal by two carriers after Al Hill III rekindled a legal spat with Blue this summer.
Remembering Carrington’s John Martin: ‘He Witnessed and Battled Evil’
John Martin, one of the founding partners of Dallas-based Carrington Coleman, died Monday. He was 81. The Texas Lawbook looks back on a remarkable human being whose career intersected with some of the most significant moments in American history.
Former Navy SEAL Joins Crawford, Wishnew & Lang
Christopher E. Hamilton, the ninth attorney to join budding Dallas litigation boutique Crawford, Wishnew & Lang, has two former careers on his résumé unlike most of his peers: a former Navy SEAL and Central Intelligence Agency operator. More on his background in this article.
Dearth of Legal Aid for Low-Income Texans ‘Really Dire’
Texas Chief Justice Nathan Hecht says the number of Texans needing legal assistance but who cannot afford an attorney is increasing so fast that the state’s legal profession is not equipped to handle the demand for basic legal services for military veterans, abused spouses and children and other low-income residents. Even so, new Texas Lawbook data shows that most corporate law firms in Texas are not doing their share of pro bono work, even as those same firms achieve record profits. The solution may rest with in-house corporate legal departments and general counsel. The Texas Lawbook has an in-depth report.
CDT Roundup: 12 Deals, 14 Firms, 70 Lawyers, $5.56B
Despite a global dealmaking slowdown in Q3, one data firm expects North American M&A to still surpass $2 trillion this year. Claire Poole reports on that plus the deals for the week that was.
Goldman Regains Top Spot in Terms of Texas M&A Value
Other bulge-bracket banks also ranked highly, showing that those with heft and a record of leadership are winning deal business despite the slowdown in activity in Texas.
SCOTX: Judge’s Testimony Against Lawyer Was Proper
A bankruptcy judge who brought an ethics complaint against McAllen lawyer Mark Cantu should not have been excluded from testifying in the resulting disciplinary trial, SCOTX has ruled in a per curiam decision. Janet Elliott explains why it was even a question.
A Quick Guide for Law Firm Cyber-Security Risks and Ethical Compliance
Josh Horwitz of cybersecurity firm Enzoic looks at how an opinion issued by the ABA’s Standing Committee on Ethics and Professional Responsibility underscores the importance of responding to a data breach with legal and ethical guidelines.