A federal bankruptcy judge gave Dallas entrepreneur Sam Wyly approval Wednesday to put his family’s 244-acre Aspen ranch up for sale for $50 million. Wyly said he needs to sell the ranch now in order to take advantage of increased real estate prices and strong demand in the marketplace.
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A Hair Crazy? Haynes and Boone Partner Meshes Personal Passion with Legal Productivity
Most men don’t want to lose their hair. Haynes and Boone partner Jeff Dorrill is happy he did. His smooth pate and slim physique hint at this attorney’s personal passion for long-distance triathlon events. Dorrill told The Texas Lawbook how this pursuit makes him be a more productive lawyer. And, yes, some have called him a little crazy. Read on.
New Texas Lawyer’s Oath to Stress Civility
The oath taken by all new Texas attorneys got an upgrade Friday when Gov. Abbott signed Senate Bill 534 into law. The new oath represents an important moment in Texas legal history by putting the state’s citizens firmly behind the idea that judges and lawyers who work here should conduct themselves with the highest standards of civility and professionalism.
Survey: Texas GCs See Contract and Environmental Litigation as Growing Business Threats
Lawsuits over contract disputes and regulatory battles with the government are larger litigation threats to Texas-based businesses – especially oil and gas companies – than are class action litigation from consumers and employees, according to a new study by the law firm Norton Rose Fulbright.
Despite Low Oil Prices, Energy Transactional Lawyers Continue to Make it Rain in Texas with $18 Billion Worth of Deals – Updated
The oil patch may be looking a little dry, but Texas transactional lawyers are still being kept busy by their energy clients.
TX Supremes: Shell’s Allegedly Defamatory Claims Privileged in FCPA Inquiry
Information provided voluntarily by businesses to federal prosecutors as part of a foreign corruption investigation is covered by absolute privilege – even if those details contain false allegations that would otherwise be considered defamatory, the Texas Supreme Court ruled Friday.
Update: Tallgrass Energy IPO Closes at $1.3 Billion
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.
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.