Texas lawyers who representing businesses generated a record amount of revenues in 2014. A new survey by The Texas Lawbook shows that business lawyers saw their workload increase significantly for the first time in years.
The biggest revenue jumps were recorded by elite and specialty law firms, while upper middle market legal shops face stagnation and uncertainty. Legal experts say that the Texas legal market is increasingly becoming a world of the “haves” and the “have nots.”
Nearly 80 percent of Texas law firm leaders said they believe 2015 financials will be as good, or even better than 2014, despite obvious challenges in the oil patch. Read the extensive article for all the details.