Porter Hedges lawyers won a $28 million payment for construction client Bilfinger Westcon from Austria-based Voestalpine for wrongful termination during construction of a $750 million hot briquette iron plant. The arbitration ruling is just the first in a series of legal actions pending against the Austrian technology giant. The Texas Lawbook has details.
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Corporate Lawyers Lateral = Billions of Dollars of Legal Work on the Move
When star Houston corporate lawyer Sean Wheeler moved his law practice to Kirkland & Ellis last week, he likely took his book of business with him. During the past 18 months, Wheeler led or co-led 29 M&A and capital markets deals worth a combined $14.3 billion.
A Texas Lawbook investigative report found that at least 84 prominent dealmaking lawyers in Texas jumped to new law firms since Jan. 1, 2017. Those lawyers handled hundreds of deals valued at nearly $200 billion, according to the Corporate Deal Tracker. The Texas Lawbook has exclusive details.
Energy Regulatory Pros Return to Hunton Andrews Kurth
Two Dallas lawyers from Vinson & Elkins have joined Hunton Andrews Kurth’s energy and infrastructure team as partners. Both lawyers were associates at Hunton & Williams together earlier in their careers.
TX Securities Board Leads Prosecution of Round Rock Real Estate Fraudster
A Nueces County jury took 15 minutes last week to find a Round Rock man guilty of real estate fraud. Yesterday, the judge in the case took even less time to sentence Everett Craig Williams to 20 years in state prison and pay $189,000 in restitution to investors in a fraudulent real estate program with victims in Nueces, Collin, and Harris counties.
Updated – Greenberg Traurig Grows Dallas Corporate Group
Scott Ellis and Tanya Goins have lateraled over from Winstead and Holland & Knight, respectively.
Chron: Justice Dept. Needs More Lawyers to Fight Legal Battles Regarding the Border Wall Lawsuits
The Justice Department is seeking to fill more than 50 staff slots at the U.S. Attorney’s Office in Southeast Texas, including seven lawyers to represent the United States, in an anticipated onslaught of civil challenges to President Donald Trump’s plan to build a “wall” along the country’s 1,989-mile southern border.
Texas GC Forum Announces 2018 Magna Stella Recipients
The Texas General Counsel Forum unveiled 10 winners of the 2018 Magna Stella Awards, including the top legal officers at Dr. Pepper Snapple, Varsity Brands, Hanger and the Texas State Board of Pharmacy. The Texas Lawbook has full details.
V&E Adds Real Estate Lawyer Carrie Winkler
Carrie Winkler, who was a real estate associate at V&E from 1998 to 2004, has returned to the firm as counsel from Hunton Andrews Kurth.
More Texas Law Firms Match Associate Compensation Increases
The number of large corporate Texas law firms increasing compensation for their associates continues to grow. The new pay scale for associates is likely to cost law firms anywhere from $500,000 annually for mid-sized boutiques to $5 million for the large full-service law firms.
Updated – Munsch Hardt Doubles IP Litigation Practice through Acquisition
Munsch Hardt announced on Tuesday that it will acquire the four-lawyer Dallas intellectual property litigation boutique McDole Williams on August 1.