More global law firms are planning to move into Texas and they will continue to steal the best lawyers in the state by offering to pay them two or three times more money, a law firm management expert told the Legal Marketing Association of Texas last week. Despite the influx of money from national firms, compensation for corporate law partners in Dallas has actually declined 17 percent in recent years. He explains why.
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Texas Legal Marketing: An $80 Million Industry and Growing
There are now more legal marketing professionals employed in Texas than public librarians, state court judges or licensed tow truck drivers. Some CMOs make more money than a majority of the lawyers at their law firms.
Baker Botts Leads $1.8 Billion Spin-Off for Kimberly-Clark
A group of Baker Botts lawyers primarily from Dallas helped Kimberly-Clark close its previously announced spin-off of its health care business, Halyard Health, Inc.
Declining Oil Prices = Decline in Oil Patch M&A
More than a dozen Texas-based energy M&A lawyers and investment bankers say they have personally witnessed one or more proposed deals halted during the past two weeks because of the uncertainty about the future price of crude or the drop in the stock price of one of the oil and gas companies involved in the proposed transactions.
Declining Oil Prices = Decline in Oil Patch M&A
More than a dozen Texas-based energy M&A lawyers and investment bankers say they have personally witnessed one or more proposed deals halted during the past two weeks because of the uncertainty about the future price of crude or the drop in the stock price of one of the oil and gas companies involved in the proposed transactions.
Texas Civil Rights Project Recognizes Three Texas Lawyers
Paula Hinton, Jennifer Doan and Cindy Saiter were recognized at the TCRP’s 24th Annual Bill of Rights Dinner in Austin.
Billion-Dollar Houston Environmental Trial Enters Final Stages
Five decades ago, a Houston paper mill dumped tons of sludge laced with dioxin into pits near the San Jacinto River. Harris County is now asking a jury to force three corporations, including Houston-based Waste Management, to pay $1 billion in penalties for their actions.
The trial, now in week three, features some of Houston’s premier courtroom litigators, including Paula Hinton, Barrett Reasoner, Robin Gibbs and Winn Carter. They argue the companies followed all environmental laws and guidelines. The Texas Lawbook has all the details of this potential lardmark trial underway in Houston.
Latham Advises ETP in New Pipeline JV with Phillips 66
The two Texas companies entered two joint ventures to develop the previously announced Dakota Access Pipeline and Energy Transfer Crude Oil Pipeline.
Kirkland and Sidley Advise in KKR’s Investment in Anadarko
Global investment firm KKR announced that it has invested a non-disclosed amount to become a non-operated working interest partner with Anadarko Petroleum Corporation in the development of its acreage in the Eaglebine play.
Baker Donelson Expands Houston Office by Adding Healthcare Experts
Office Managing Partner Brad Chambers says the firm’s goal is to “represent as best as possible the market in Houston.”