Shearman & Sterling confirmed rumors Thursday that it’s opening an office in Dallas, adding to its Texas outposts in Austin and Houston.
A spokeswoman couldn’t confirm the attorneys who will be joining the office, but said it will be sizable. She said the firm expects to make a formal announcement in two to four weeks.
“We can confirm that we will be opening an office in Dallas,” David Beveridge, senior partner at the firm, said in a statement the spokeswoman provided. “This latest step of our U.S. expansion strategy will be our third office in Texas, along with our Austin and Houston offices. This office will complement our teams in Texas and work seamlessly with our broader transactional teams in New York, the Bay Area and globally.”
Beveridge said the new office will also position the firm on the ground in the fast-growing Dallas-Fort Worth market, which he noted is home to dozens of Fortune 500 companies spanning the energy, transportation, technology, telecommunications and healthcare industries.
“The city is also quickly becoming a major private equity hub, with hundreds of firms headquartered there,” he said.
The Texas Lawbook reported this week that Shearman is advising EnCap Investments-backed Southland Royalty Co. of Fort Worth on its bankruptcy filing in Delaware, with partners C. Luckey McDowell and Ian E. Roberts working on it out of the firm’s Dallas office on N. Harwood, according to filings.
The firm hadn’t announced that it had opened a Dallas outpost and a firm spokeswoman didn’t respond to a request for comment at the time.
Shearman opened its Austin office in March of 2018 with seven partners and its Houston office in May of 2018 with six partners. Shearman has more than 500 lawyers, including 18 in Austin and 27 in Houston.
The Texas Lawbook reported in April that Shearman lawyers in Texas generated an estimated $42 million in revenues in 2018.