The move had been anticipated for months, but an agreement has finally been reached. Dallas-based Gardere Wynne Sewell is combining with Milwaukee’s Foley & Lardner, effective April 1. The new firm will be known as Foley Gardere in Texas. The combined firm, with 1,100 lawyers, 24 offices and revenues of $850 million, will rank among the AmLaw 50. The Texas Lawbook has exclusive details on Gardere’s search for a national partner, Foley’s big Texas gambit, and in-depth interviews with the top lawyers at both firms.
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White & Case Lures Houston Corporate Partner
Steven Tredennick was previously the chair of Paul Hasting’s Houston corporate practice.
Corp. Deal Tracker Weekly Round-Up: 10 Firms and 92 TX Lawyers Advise on 9 Deals Worth $4B
Claire Poole left for vacation after writing most of last week’s roundup, and it appears Texas’s deal attorneys followed her. Texas lawyers advised on nine deals worth $4 billion, which was a 44 percent drop in dealflow from the previous week. Some firms still formed some biggies, though. Details here.
Hopper-1, JP Morgan-0 in Post-$8B Probate Verdict Rulings
A Dallas probate judge on Wednesday ordered J.P. Morgan Chase Bank to pay $5.5 million in attorneys’ fees to the widow of an American Airlines executive for an $8 billion jury verdict she and her stepchildren won against the bank last fall.
Concho & RSP Permian Have Gibson Dunn and V&E Lead $9.5B Shale Oil Deal
In the biggest M&A deal in the history of the Permian Basin, Midland-based Concho Resources is buying rival oil producer RSP Permian for $9.5 billion in an all stock transaction.
Carter Arnett Clears Nonprofit of $224 Million Antitrust Claim in SA Trial
A federal jury in San Antonio has ruled that a local allergy testing and immunotherapy provider take nothing on $224 million worth of antitrust claims it had brought against a patient advocacy nonprofit group.
Corporate Deal Tracker 2017: A Year of Market Contrasts
Dealmaking in 2017 was confounding: deals were up, but values were down. The deal count hit 735, but total reported value dropped below $400 billion. There are lots of reasons, of course. But maybe the best explanation is the market itself. Claire Poole sums up the year based on the 2017 annual Corporate Deal Tracker tallies exclusively in The Texas Lawbook.
McGinnis Lochridge Adds Corporate Partner
Clarke Heidrick was most recently at Graves Dougherty.
SCOTX To Orca: ‘Vague Assurances’ Should Have Been A Clue
In hot pursuit of mineral leases in the frenzied 2010 Eagle Ford Shale play, Orca Assets paid $3.2 million for six leases in DeWitt County that they later discovered belonged to another company. Rather than simply accept a return of their cash, Orca sued the owner’s agent, accusing them of fraud, demanding $400 million in unrealized revenues. On Friday, the Texas Supreme Court suggested that Orca should have known better. Janet Elliott reports on the court’s reasoning in The Texas Lawbook.
Sheppard Mullin Adds Bill Mateja in Dallas
The Texas Lawbook has learned that prominent white-collar criminal defense attorney Bill Mateja, who represents Texas Attorney General Ken Paxton in his ongoing legal battles, is joining two fellow partners from the Dallas office of Polsinelli in kicking off Sheppard Mullin’s Texas operations.