Corporate law firms in Texas had another blockbuster year in 2024. Record revenues. Record profits. The top business law firms operating in Texas in 2024 worked more hours for more corporate clients and charged those clients record-high rates — some now topping $2,600 an hour for premium services. The demand for high-dollar elite legal expertise and services in Texas came from companies and private equity firms involved in dealmaking for infrastructure and energy transition projects and businesses engaged in bet-the-company disputes, often battling other businesses or government agencies in court. The Texas Lawbook 50, which tracks the revenue generated by lawyers and law firms operating in Texas, found that 34 of the 50 largest corporate firms achieved record-high revenues in 2024, and an even higher percentage achieved record profits. Eight law firms grew revenue by 25 percent or more.
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McDermott Legal Department is ‘More than the Sum of its Parts’
McDermott, a key contractor on the multibillion-dollar Freeport LNG facility, faced lawsuits seeking nearly $2 billion in damages. Freeport’s insurers sought over $1.3 billion in subrogation claims, while Freeport LNG itself alleged design defects. Both lawsuits were filed as adversary proceedings in the bankruptcy of McDermott’s joint venture partner, Zachry Construction. The cases involved complex engineering and contract issues among multiple partners. The cases involved complex engineering and contract issues among multiple partners. Ultimately, the insurers’ claims were dismissed as well as the consequential damages portion of the defect suit, though the insurers have appealed the dismissal. For navigating the complexities, McDermott’s in-house legal team is one of two finalists for the 2025 Houston Corporate Counsel Award for Business Litigation of the Year. The award will be presented by the Association of Corporate Counsel’s Houston Chapter and The Texas Lawbook on Thursday at the Four Seasons in Houston.
Judge Ho Expresses ‘Sincere Concerns’ About ‘Disrespect’ Shown to Pres. Trump, Judge Hendrix in Concurrence Slamming Supreme Court
In a seven-page concurrence, Fifth Circuit Judge James C. Ho accused the U.S. Supreme Court of affording “special treatment” to “favored litigants” in a case involving deportation under the Alien Enemies Act. And he stood up for U.S. District Judge James Wesley Hendrix, writing that he had “conducted himself in a reasonable and indeed admirable manner,” calling the U.S. Supreme Court’s criticism of his actions in the underlying case “unwarranted and unfortunate.”
American Airlines, Supplier.io Settle Lawsuit Over Supplier Diversity Practices
American Airlines and Qurium Solutions, doing business as Supplier.io, have settled a federal lawsuit brought by Edward Blum’s American Alliance for Equal Rights, which alleged that their supplier diversity practices unlawfully prioritized race and ethnicity. While both companies denied any wrongdoing, they agreed to revise their policies to clarify that race and ethnicity will not factor into supplier eligibility or contracting decisions.
Simpson Thacher Hires Project Finance Veteran
Fern Han spent more than 14 years at White & Case advising on large-scale infrastructure finance. Her hiring raises the STB Houston office headcount to 85 lawyers.
Shell US Lawyers Adam MacLuckie and Huyen Luong Have a ‘Need to be an Ally’
Adam MacLuckie and Huyen Luong led the Shell US Legal DEI Council during a pivotal time, fostering open dialogue and community through their “Let’s Talk About It” campaign as the company returned to in-person work post-pandemic and amid a nationwide reckoning with racism. Drawing from their personal backgrounds – Luong’s journey from post-war Vietnam and MacLuckie’s lifelong path to allyship – they built inclusive, two-way engagement that increased participation and trust. Their efforts earned them the 2025 Houston Corporate Counsel Award for Diversity and Inclusion.
Womble Adds Veteran Biz Litigator in its Houston Office
Womble Bond Dickinson has hired an experienced business litigator in its Houston office, the firm announced Tuesday in a news release.
Gibbs & Bruns Notches 2 Trial Wins in 2 Days
Recently, trial teams from Gibbs & Bruns convinced two Harris County juries to return complete defense wins for two of its clients, one that was facing as much as $13.7 million in liability and another that was fighting claims seeking more than $20 million in damages.
Lawbook 50 — The Texas Magnificent Seven
Seven corporate law firms operating in Texas witnessed extraordinary growth in 2024. The Texas version of the Magnificent Seven far outpaced their competitors by increasing Texas headcount by 24 percent in 2024 and Texas revenue by an astonishing 42 percent, according to The Texas Lawbook 50, which documents the annual Texas headcount and revenues of business law firms. Three of the Tex Mag Seven were founded in California, three in New York and one in Chicago. All seven firms achieved record-high revenues in 2024.
Federal Court Strikes Down FDA’s LDT Final Rule — Implications for Clinical Laboratories
On March 31, a pivotal ruling from the U.S. District Court for the Eastern District of Texas vacated the U.S. Food and Drug Administration’s final rule on laboratory developed tests. The ruling has far-reaching implications for laboratories, healthcare providers and patients.