TEGP offered 41.5 million shares at $29 per share and granted the underwriters an option to purchase up to an additional 6.2 million Class A shares. The underwriters exercised the full amount of their option, which closed the IPO on Tuesday at $1.3 billion.
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Texas Law Firms Fight for Talent, Revenues and Survival
Despite record revenues and profits, the Texas legal market is in turmoil. Even as elite law firms experience phenomenal growth in revenues and profits, many large, full service Texas law firms struggle to tread water and could face major restructuring or even extinction.
There’s a fierce battle over talent. Law firms that pay the most get the best lawyers. The best talent gets the best clients. The best clients pay the highest rates, which leads to greater revenues and profits.
“The deck has been completely reshuffled in Texas,” said Kent Zimmerman with Zeughauser Group. “In a short amount of time, the leaderboard has changed significantly.”
The Texas Lawbook interviewed more than two-dozen legal industry insiders in an in-depth examination of the state’s business law marketplace.
Skadden, Bracewell and Latham Advise in $2.1 Billion Noble-Rosetta Deal
Noble’s acquisition of Rosetta, which owns positions in the Eagle Ford area, gives it access to the South Texas shale play.
Bell Nunnally Brings Question of First Impression to Fifth Circuit – Updated
It’s a predicament many white-collar and other criminal lawyers will never have to face, but certainly would want guidance on if, God forbid, it ever happens: What if the trial court fails to record your client’s plea hearing, and how harmless is that error? As it stands right now, it either could be like striking gold for the lawyer handling the appeal or it would make no difference, but no one knows which one it would be.
Appellate associate Jason Steed of Bell Nunnally is seeking to solve the mystery. The Texas Lawbook has the scoop.
Porter Hedges Enhances Corporate Practice, Picks Up Robert Viguet
The former Thompson & Knight partner said the move gives him the opportunity to take his practice to a “higher level.”
K&L Gates Lands Austin-based Environmental and Administrative Team
The three lawyers from the Austin-based law firm Moltz Morton & Glenn LLP were looking to extend their reach and add to their bench.
K&L Gates Lands Austin-based Environmental and Administrative Team
The three lawyers from the Austin-based law firm Moltz Morton & Glenn LLP were looking to extend their reach and add to their bench.
Baker Botts and V&E Advise in $1.2 Billion IPO
Leawood, Kansas-based Tallgrass Energy has raised $1.2 billion through its IPO. Baker Botts, its legal counsel, says it is the “year’s largest IPO” thus far.
Baker Botts and V&E Advise in $1.2 Billion IPO
Leawood, Kansas-based Tallgrass Energy has raised $1.2 billion through its IPO. Baker Botts, its legal counsel, says it is the “year’s largest IPO” thus far.
Andrews Kurth, Locke Lord, Simpson Thacher and Paul Hastings Advise in $7.5 Billion Merger
Houston-based Crestwood Equity Partners and Crestwood Midstream Partners announced earlier this week that the two limited partnerships will combine to simplify Crestwood’s corporate structure.