Exclusive new data examining mergers and acquisitions during the past eight years involving Texas-based companies shows that a dramatic shift has taken place in the corporate legal marketplace. Mergermarket shows that 28 of the 40 law firms advising Texas businesses in the most M&A deals from 2010 to 2017 are based outside Texas.
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Corp. Deal Tracker Weekly Round-Up: 14 Firms and 111 Texas Lawyers Advise on 15 Transactions Worth $5.5B
Transactions were all over the map last week involving a major acquisition by a chemical giant, a major oil and gas purchase by a company in pre-packaged bankruptcy, capital funding for a medical device manufacturer and a merger by two companies in the infrastructure business just as the Trump administration announced plans to pump $200 billion into public works projects. Claire Poole has deal details and weekly totals in her CDT Weekly Roundup in The Texas Lawbook.
Winston & Strawn Bolsters Energy Litigation Practice in Houston
Hugh Tanner and Denise Scofield jumped to Winston from Morgan Lewis & Bockius, where Tanner led the Houston office and chaired the firm’s oil and gas litigation group.
Analysis: Texas Corporate Law Market Sees Massive Shake-Up & Realignment of M&A Practice
The Texas corporate legal market is experiencing extraordinary turmoil in 2018 – and the year is only six weeks old. Three large Texas-based corporate law firms are in the final stages of merger negotiations with out-of-state law firms. Five national law firms have either opened or are opening new offices in the state before the end of March. Since Jan. 1, more than 100 business lawyers have quit the law firms in Austin, Dallas and Houston where they have worked for years or even decades to join competitors.
The Texas legal market, which has been a hotbed of activity since 2010, is in the midst of a frenzied transformation not witnessed in decades. The Texas Lawbook has details.
Dykema Elects Four New Members in Texas
Dykema’s executive board promoted 12 attorneys to member firmwide.
Jackson Walker Adds Lateral Partners in Austin and Houston
Pamela Madere and Scott Schepps have joined from Coats Rose and Fizer Beck Webster Bentley & Scroggins, respectively.
Dallas Law Firm Stewart Bradbury Adds First Lateral Partner – Updated
Keron Wright is the third partner and fifth attorney overall at the six-month-old law firm.
Jackson Walker Elevates Six to Partner
The firm’s newly-minted partners are from four different offices.
Polsinelli Shareholder John Woodruff Elected Fellow of Texas Bar Foundation
Woodruff is chair of the tax section of the Houston Bar Association.
Texas Shuts Down SourceRock Energy Securities Offering
The Texas Securities Commission issued a cease and desist order Friday to stop Dallas-based SourceRock Energy and its two executives from further efforts to raise $4.4 million from investors for an oil and gas project. The Texas Lawbook has the details.