Free Speech, Due Process and Trial by Jury
Associates at AZA will see a bump of $10,000 to their annual compensation. “Our young lawyers aren’t stuck making other people’s outlines. They’re out trying cases, and we’ll pay them more for it,” AZA Hiring Partner Monica Uddin told The Lawbook in an interview.
Dallas federal Judge Barbara Lynn has shattered many legal industry glass ceilings, impacted the careers of hundreds of Texas lawyers and handled some of the biggest and most important trials in North Texas over the past quarter century — the civil rights trial against former Dallas police officer Amber Guyger, the corruption trial of then-Dallas Mayor Pro Tem Don Hill and terrorist Hosam Maher Husein Smadi, who attempted use of a weapon of mass destruction in an effort to blow up the 60-story Fountain Place skyscraper.
Last week, Judge Lynn — the first woman in history to be the chief judge of the Northern District of Texas and widely praised as one of the best trial judges in the U.S. — stepped away from public service to join the litigation boutique founded by her husband, where she will focus on mediating complex and large-dollar disputes and advising lawyers involved in bet-the-company litigation.
As Judge Lynn enters her encore, legal experts agree that her career has had an historic impact on North Texas, the legal profession and the role of women in the law. (Illustration by William Pelic)
Despite ever-higher standards, more corporate law firms in Texas achieved Texas Lawbook 50 elite financial status last year than ever before. Eighteen business law firms reported revenue per lawyer for their Texas offices of $1.5 million in 2024. Eighteen firms also scored profits per partner of $3 million or more — though not the same 18. Thanks to scores of senior corporate lawyers now billing at hourly rates exceeding $2,000, 15 law firms operating in Texas achieved both of those criteria — up from 11 in 2023.
Haynes Boone's lateral partner activity in 2025 has been a case in point that no corporate law firm headquartered in Texas is expanding faster outside the state. One-fourth of the firm's 20 lateral partner additions this year have been in London. The Lawbook met in person with office co-leader Nick Davis, one of those 2025 recruits, earlier this summer. "The epicenter of the world seems to be heading towards Texas right now," he said in the interview.
The number of business-focused law firms offering summer bonuses to associates is growing. New York-based corporate law firm Milbank became the largest firm to announce that it is offering summer bonuses for its associates. Two DFW boutique law firms, Bell Nunnally and Vartabedian, Hester & Haynes, announced during the past week that their partners were paying their associates summer bonuses in excess of $5,000. The managing partners at Vartabedian and Bell Nunnally said they are simply rewarding everyone's hard work and to share some of the fruits of a successful first half of the year.
Despite seven business-focused law firms in Texas boosting their ranks significantly through new hires, new data shows that lateral partner movement slowed during the first six months of 2025 — though the decline looks steeper than it really was because the first half of 2024 was a record-setting year for partner moves. The Texas offices of three law firms — Dykema, Greenberg Traurig and Jackson Walker — led the pack by each hiring nine partners from competitors during H1 2025.
Earlier this month, Peter Nelson began his three-year term as Managing Partner of Minneapolis-based Dorsey & Whitney. With 17 years at the firm, Nelson played a key role in expanding Dorsey’s presence, helping to integrate new market locations such as Dallas, which launched in early 2017 with attorneys — including Larry Makel, Gina Betts and Jamie Whatley — from what was then the Dallas office of Schiff Hardin. The Texas Lawbook recently talked to Nelson about Texas being a critical market for the firm’s current and future growth.
Texas-based corporate law firms started 2025 strong, but they face multiple headwinds over the next several months. The largest law firms headquartered in Texas achieved 35 percent revenue increases during the first quarter of 2025 — triple the amount of their national competitors — even though legal demand grew less than one percent during the period, according to the nation’s leading legal industry financial analyst.
Baker Botts, Haynes Boone, Bracewell and Vinson & Elkins employed employed 2,360 lawyers and generated nearly $2.9 billion in firmwide revenues in 2024. All four Texas-headquartered corporate law firms reported record revenues and record profits in 2024, according to the Texas Lawbook 50. The data also shows another interesting trend: All four are growing more than twice as fast in their offices outside of Texas than they are in their home state operations.
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.
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