Even as Susman Godfrey is engaged in a monumental federal court fight with President Donald Trump that threatens the law firm’s very existence, the Houston-based litigation powerhouse reported 2024 revenues and profits that are once again the envy of their competitors. The firm’s revenues last year were down from its record-smashing numbers of 2023, but it was still Susman Godfrey’s second-best year in its 44-year history.
Texas AG Sends Piggyback Demands to Law Firms on DEI Info
Texas Attorney General Ken Paxton sent a two-page letter to 20 large corporate law firms — 13 with operations in Texas — seeking information about their diversity and inclusion initiatives related to their hiring and promotion efforts that Paxton alleges may have violated state and federal laws regarding discrimination.
UPDATED: Texas Lawyers Stay Silent on Trump’s Targeting More Law Firms
Even as two large corporate law firms filed constitutional lawsuits against President Donald Trump on Friday to stop his executive orders targeting law firms from taking effect, Texas lawyers — who love to brag that they, like everything else in Texas, are bigger and braver and never back away from a fight — have remained extraordinarily quiet. Out of nearly a thousand lawyers from bar associations, law schools and law firms that signed letters this week decrying the Trump administration’s targeting of corporate law firms, only two attorneys and one organization were from Texas. The Texas Lawbook has an in-depth update on the White House’s battle against corporate law firms, including mega-firm Skadden Arps’ new settlement agreement with President Trump.
Texas Lawbook Online Forum: How Should Lawyers, Firms and GCs Respond to President Trump’s Challenges?
Large corporate law firms have faced unprecedented actions by a presidential administration during the past two weeks, including five presidential executive orders targeting five law firms, a presidential memorandum directing Attorney General Pam Bondi to “review conduct” by lawyers and firms who engage in “frivolous, unreasonable, and vexatious litigation” against the U.S. government and demand letters sent by the Equal Employment Opportunity Commission targeting 20 law firms — 13 of them operating in Texas — seeking their policies and activities regarding diversity and inclusion. The Texas Lawbook seeks your insight and commentary regarding how law firms and the legal profession should respond.
EEOC Targets 13 Law Firms Operating in Texas for DEI Initiatives
The new acting chair of the Equal Employment Opportunity Commission has sent a 10-page letter to 20 different corporate law firms — 13 of them with operations in Texas, though no Texas-based law firms — demanding detailed information about their diversity, equity and inclusion efforts and decision making. The letters, which are addressed to the leaders of each of the law firms, demand that they “fully identify all clients that have diversity preferences or any demographic-related requirements for matters, including but not limited to race or sex requirements for the employees staffed on their matters.”
Texas Legal Market Free Agency Continues with $5M to $13M Annual Comp Offers
The number of Texas law partners who moved their practice to a new firm during 2024 hit record highs and the trend seems to be continuing in 2025. And for a growing percentage of the lateral moves, this was their second or third jump in recent years. Texas Lawbook data shows that 20 percent more partners at business and litigation practices in Texas jumped to a competitor last year. Three law firms added 10 or more lateral partners in 2024. Twenty-two firms hired five or more lateral partners. Three law firms lost 10 or more partners to competitors in 2024. The Lawbook examines the data and the individual specific lateral moves for trends.
Latham’s Gamechanging 15 Years in Texas: How The Firm’s Houston Office Wrote the Playbook for National Firms to Storm the State
The Houston office of Latham & Watkins had not been open for a year when Ryan Maierson experienced a significant realization. The office opened in February 2010, and as the year progressed, he and the other partners at Baker Botts began to marvel at how easily this “non-native” firm from Los Angeles integrated itself into Texas’s established transactional law environment.
Other national firms had previously entered the Texas market. However, with Latham — the second most profitable law firm in the world — something felt different. In less than a year, Latham had achieved what no other national firm had managed to do: it instilled a sense of fear in the long-established Texas firms that had previously dominated corporate law in the Lone Star State.
Fifteen years later, this is the story of how Latham changed the game in Texas.
Citi — Big Law in Texas Had Strong 2024, and 2025 Looks Even Better
The bad news for Texas-based corporate law firms is that revenues, profits per partner and demand for legal services significantly trailed their out-of-state competitors during 2024, according to new Citi Law Firm Group data provided Monday to The Texas Lawbook. But the good news is that those outside national law firms — including Kirkland & Ellis, Gibson Dunn, Latham & Watkins and Sidley — growing faster and richer now make up about 60 percent of the Texas corporate legal market, according to the Texas Lawbook 50 report for 2024.