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Updated: Texas Lawbook Exclusive: Financial Data shows Seismic Shift Continues in Texas Legal Market

Nearly half of the 35 largest revenue-generating law firms operating in Texas are based outside the state. National law firms earned more than $1 billion in revenues from their Texas operations in 2015 – a double digit increase from 2014. Revenues for Texas-based firms increased by less than one-tenth of one percent last year.

Texas Lawbook data shows that elite, wealthy corporate law firms – those based in Texas and beyond – are achieving enormous financial success by stealing the best lawyers and the highest paying business clients away from indigenous Texas firms. The bottom line: the Texas legal market is turmoil and witnessing a shift that is radically changing the practice of corporate law in the state forever.

May 19, 2016 Mark Curriden

Texas Justices Weigh Liability for Hospital Partner’s Conduct

Medical and business groups warn that the future of doctor-owned hospitals hangs in the balance as the Texas Supreme Court considers whether a hospital partnership could be vicariously liable for a physician-partner’s alleged negligence.

May 18, 2016 Mark Curriden

Texas Lawbook Exclusive: Law, Truth and Sam Wyly – The World of Bankruptcy according to Judge Barbara Houser

U.S. Bankruptcy Judge Barbara Houser released her much anticipated decision last week in the billion-dollar bankruptcy case of Sam Wyly and his sister-in-law Dee. Legal experts say the legal opinion, which is 459-pages long, includes 181,504 words and 1,682 footnotes, masterfully tells the highly complex story of the Wyly brothers and the web of offshore accounts they created in the Isle of Man two decades ago.

“This opinion shows that Judge Houser is a brilliant thinker and an excellent writer,” says Dallas bankruptcy lawyer Sid Scheinberg.

May 17, 2016 Mark Curriden

Texas Lawbook Exclusive: Law, Truth and Sam Wyly – The World of Bankruptcy according to Judge Barbara Houser

U.S. Bankruptcy Judge Barbara Houser released her much anticipated decision last week in the billion-dollar bankruptcy case of Sam Wyly and his sister-in-law Dee. Legal experts say the legal opinion, which is 459-pages long, includes 181,504 words and 1,682 footnotes, masterfully tells the highly complex story of the Wyly brothers and the web of offshore accounts they created in the Isle of Man two decades ago.

“This opinion shows that Judge Houser is a brilliant thinker and an excellent writer,” says Dallas bankruptcy lawyer Sid Scheinberg.

May 17, 2016 Mark Curriden

Texas Lawbook Exclusive: Law, Truth and Sam Wyly – The World of Bankruptcy according to Judge Barbara Houser

U.S. Bankruptcy Judge Barbara Houser released her much anticipated decision last week in the billion-dollar bankruptcy case of Sam Wyly and his sister-in-law Dee. Legal experts say the legal opinion, which is 459-pages long, includes 181,504 words and 1,682 footnotes, masterfully tells the highly complex story of the Wyly brothers and the web of offshore accounts they created in the Isle of Man two decades ago.
“This opinion shows that Judge Houser is a brilliant thinker and an excellent writer,” says Dallas bankruptcy lawyer Sid Scheinberg.

May 17, 2016 Mark Curriden

Litigation Boutique Launches Eminent Domain Course at Two TX Law Schools

After seeing increased activity around Texas regarding issues surrounding property rights and infrastructure, the law schools at The University of Texas and University of Houston have responded by launching the state’s first eminent domain course. Lawyers at Johns Marrs Ellis & Hodge are spearheading the effort.

May 17, 2016 Mark Curriden

Banking Industry M&A Stagnates; Energy Market Gets Some of the Blame

There once was a time when Texas banks drew a price premium, and the Southwest led the country in banking M&A activity. Those days are gone. At least this year.

It’s slow out there. Low oil prices, financial regulation, depressed stock prices and mediocre economic indicators are playing a role in the region’s anemic banking merger-and-acquisition market.

May 17, 2016 Mark Curriden

Banking Industry M&A Stagnates; Energy Market Gets Some of the Blame

There once was a time when Texas banks drew a price premium, and the Southwest led the country in banking M&A activity. Those days are gone. At least this year.
It’s slow out there. Low oil prices, financial regulation, depressed stock prices and mediocre economic indicators are playing a role in the region’s anemic banking merger-and-acquisition market.

May 17, 2016 Mark Curriden

Lawyer Couple Helps Free Nonviolent Drug Offender From Behind Bars

Many married couples might cringe at the thought of working together, but Houston corporate lawyers Darin Schultz and Christina Vitale treasure the opportunity.

May 16, 2016 Natalie Posgate

Updated: $4.4B Range Resources-MRD Merger Hopefully Part of New ‘Wave’ of M&A

© 2015 The Texas Lawbook. By Natalie Posgate (May 16) – Fort Worth-based Range Resources broke two company records today when it announced its merger agreement with a fellow independent

May 16, 2016 Mark Curriden

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Features

  • P.S. — New State Bar President Launches Campaign to Fund Legal Aid for Low-Income Texans  - When speaking to fellow lawyers, Santos Vargas often asks them a question to illustrate a point. “How many of you could hire yourselves for a protracted legal dispute?” The point is that many people don’t have the financial means to hire a lawyer when faced with a legal problem, which is why the newly minted State Bar of Texas president is on a campaign to raise money for low-income Texans to access legal services. Vargas aims to raise $300,000, with July donations supporting victims of the recent Texas Hill Country flood.  July 11, 2025Krista Torralva

GCs, Lawyers & Firms

  • Beck Redden Bolsters Appellate Group With Hire From Troutman Pepper Locke - Beck Redden announced this week the hiring of Chris Dove, who focuses on commercial litigation in the energy, financial services and maritime sectors. He had spent more than two decades practicing at Troutman Pepper Locke and Locke Lord.
  • McGuireWoods Names Tyler VanHoutan as New Houston Office Managing Partner
  • Reed Smith Beefs Up Global Regulatory Enforcement Group, Hires V&E Partner 
  • Rey Anaya Valencia Begins Deanship at South Texas College of Law Houston
  • Willkie Adds Blake Winburne to its Houston Office
  • Hines CLO Joins Greenberg Traurig in Houston
  • Thomas Verity Vaults to Norton Rose Fulbright
  • Veteran Houston Partner Jumps from Latham to Simpson
  • Skadden Hires Two M&A Partners from White & Case
  • V&E Adds Three Partners: Two from Kirkland, One from Baker Botts
More GCs, Lawyers & Firms

Lawyers in the News

Hover right to see full list

Barry Barnett
Wes Bearden
Emily Westridge Black
Michael Burke
Alicia Campbell
John Campbell
Madeleine Carpenter
Alexander Clark
Dawn Pittman Collins
Richard Finneran
Elizabeth Freeman
David Gail
Elizabeth Gibson
David Jones
Frank Lopez
Abbe Lowell
Neal Manne
Billy Marsh
Tom Melsheimer
Tasha Moser
Justin Nelson
Reed O'Connor
Kate Pennartz
John “J.” Pieratt
Danielle Reyes
Christopher Richardson
Randy Sorrels
Harry Susman
Larry Vincent
Victor Vital
Brent Walker
Matt Weybrecht
Melody Wilkinson
Alex Wolens

Firms in the News

Hover right to show full list

A&O Shearman
Bryan Cave
Cozen O'Connor
Haynes Boone
Holland & Knight
Jackson Walker
King & Spalding
Kirkland & Ellis
Law Office of Liz Freeman
Paul Hastings
Porter Hedges
Sorrels Law
Susman Godfrey
Toyota
Troutman Pepper Locke
Willkie
Vinson & Elkins
Weil
Winston & Strawn

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