DBJ: Munsch Hardt Opts to Keep HQ at Ross Tower with New Lease
The firm, which hit record profits last year, has 50% more employees since it first made the move to Ross Tower and expects to move to the new space in the fall of 2023.
Texas Law Firms Gird for Battle Against GOP Leaders’ Threats for Providing Abortion Options to Employees
A handful of conservative Republicans are threatening corporate law firms operating in Texas with criminal prosecution, civil sanctions and even disbarment if they play any role in their Texas employees going out of state to get abortions. Texas Freedom Caucus accuses the global law firm Sidley Austin of being “complicit in illegal abortions” and assert the “consequences that you and your colleagues will face for these actions.” But leaders at several law firms tell The Texas Lawbook that the threats are “extreme political debauchery and legally dubious.”
Dallas Hispanic Law Foundation Works Toward a More Diverse Field of Law
The Dallas Hispanic Law Foundation last week honored 18 Texas law students with its annual scholarships, bar study grants and internships. The Lawbook reveals this year’s recipients and breaks down why they were chosen.
Texas Commercial Law Firms Merge, Now Exceeds 90 Lawyers
In the largest corporate law firm merger of 2022, Houston-based personal injury defense law firm Lorance Thompson announced Thursday that it has merged with Mayer LLP, a Dallas-based business law boutique. Lorance Thompson’s 22 attorneys officially started June 1 with Mayer, a three-and-a-half-year-old law firm that now has more than 90 lawyers in Dallas, Houston, Albuquerque and Fayetteville.
DBJ: O’Melveny Signs New Dallas Office Lease
The firm's new lease at Harwood No. 14 will triple its Dallas office footprint.
DBJ: Ross Tower Snags Four Law Firm Leases
One law firm has found a home for its first Dallas office; another has doubled its footprint; and two others have relocated or plan to relocate within the city.
Unparalleled Growth, Revenues, Profits – The State of Corporate Law in Texas in 2021
The Texas Lawbook 50 ranking by firm revenues in Texas is out. The financial numbers are staggering. For corporate law firms operating in Texas, 2021 wasn't just a great year – it was almost certainly the best year ever. Thirty-eight of the 50 law firms achieved record revenues. Seventeen law firms grew Texas revenues by 20 percent or more. Six law firms grew Texas revenues by 40 percent or more.
No law firm had ever come close to generating $600 million in revenue from their Texas operations. In 2021, two surpassed that mark. One skipped right over it and went straight to $725 million. This Texas Lawbook exclusive shows, 2021 will go down in corporate legal history as one for the ages.
Law Firm Offices: A Destination, Not an Obligation
The Gensler Research Institute reports that while many industries are cutting back on their real estate footprints, law firms and other top performing companies continue to increase square footage. This article explores the ways firms are trying to create a "truly experiential" environment to attract and retain talent.
Pictured: Hunton Andrews Kurth's Houston office (courtesy of Gensler)
Three Middle-Market Law Firms, One Record-Setting Year in Texas Revenues
Three middle-market law firms achieved record revenues and profits in 2021. All three jumped above the $700,000 mark for revenue per lawyer. All three predict 2022 will be even better ― so all three are in expansion mode and looking to grow headcount. And none of the three sees any advantage in merging with an out-of-state law firm. Legal industry analysts say Munsch Hardt, Gray Reed and Munck Wilson sit in a strategic sweet spot.
KRCL: Four Lawyers, a Fax Machine and 30 years of Extraordinary Texas Success and Now Succession
Raymond Kane, Gordon Russell, Joe Coleman and Mike Logan started KRCL in 1992 to flee financial bad habits of their old firm. Thirty years later, the firm they built is entrenched in the Texas middle market of corporate law firms, ranking 46th statewide in revenues in the upcoming 2021 Texas Lawbook 50. But the four partners discovered much more than success. They and their firm used fiscal restraint and commitment to long-term client service to find peace and friendship. At the twilight of their careers, they still love the practice of law and each other.