Early last week, M&A activity for the year was lagging. Then came the $33 billion sale of Anadarko to Chevron. With that deal, everything changed – at least statistically. The equity and debt markets continue to be stingy, so what do companies do for new capital? Claire Poole has the answer, along with her weekly roundup of deals involving Texas lawyers.
More Stories
Richard Rosenberg: GC of U.S. Zinc and Public Service Champion
In 2015, when Richard Rosenberg became board president of the 65-year-old Center in Houston, the nonprofit was a mess. It had no cash reserves, a $6 million debt and its deteriorated campuses had been badly punished by Hurricane Harvey. Flash forward the loan is paid, the campuses are flourishing and Rosenberg, GC of Houston’s U.S. Zinc, is sole finalist and worthy winner in the Public Service category of the 2019 Corporate Counsel Awards.
The Texas Lawbook Top 50: Corporate Lawyers Make $6 Billion, Elite Law Firms Biggest Beneficiary
Corporate lawyers operating in Texas made a record-smashing amount of money in 2018. Exclusive new research by The Texas Lawbook shows that the top 50 business law firms with offices in Dallas, Houston and Austin generated just a hair shy of $6 billion in revenues in 2018 – a 6% increase from 2017. Twenty-six corporate law firms worked more hours and collected more dollars last year than ever before. Several elite legal practices had huge financial gains last year. A few large Texas legacy law firms experienced significant economic declines in 2018. The Texas Lawbook has the details.
Shell’s Kevin Feeney and T&K’s $200M Arbitration Win
One of Kevin Feeney’s first issues when he became Shell Oil senior counsel of upstream litigation was a $200 million arbitration. After a 250,000 document dump and a 17-day hearing, Shell walked away with a take-nothing judgment in their favor. Natalie Posgate profiles the deal, which is a finalist for the 2019 Corporate Counsel Awards Business Litigation of the Year.
V&E Advises Anadarko on $33B Sale to Chevron in Biggest Shale Deal Ever
Chevron Corp. of San Ramon, California, announced Friday that it agreed to buy Anadarko Petroleum Corp. of The Woodlands for $33 billion in cash and shares. Claire Poole has details and analyst reactions.
Q&A: Ryan Maierson’s Big Month and What It Says About the M&A Market
Latham & Watkins partner Ryan Maierson has been very, very busy, leading three billion-dollar deals in the last month. The Lawbook’s Claire Poole had a chance to talk to him about those deals and what they say about dealmaking right now.
Tagtow, Phillips Lead the “Small and Mighty” Legal Team on BMC Sale to KKR
When its private equity owner Bain Capital decided it was time to exit BMC, Pat Tagtow and his colleague, Robin Phillips, knew they had a lot of work ahead of them. By the time they were finished, PE giant KKR had purchased BMC for a reported $8.3 billion. Now they are finalists for the Houston Corporate Counsel Awards M&A transaction of the year. Claire Poole profiles them.
White & Case Signs Former GC of Linde Engineering N.A.
Ryan Hopkins rejoins former K&S colleague David Strickland.
Litigation Funder Taps Houston Boutique for Portfolio Counsel
Validity Finance has added Houston trial lawyer Wendie Childress, a former senior counsel at Yetter Coleman.
Four Litigators Leave Dallas IP Boutique for Cole Schotz
Aaron Davidson and Gary Sorden, former managing principals at Klemchuk, join Cole Schotz as members with associates Brian King and Tim Craddock.