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The number of law firms operating in Texas increasing annual salaries for associates continued to grow Tuesday. At least 19 firms with offices in Dallas, Austin and Houston are boosting associate compensation. The Texas Lawbook has the details.
There are 13 law firms in Texas certified by NAMWOLF as woman-owned. While small in number, these firms represent an impressive roster of clients including Fortune 500 companies and large government agencies. Nushin Huq looks at the stories behind a few of those firms, as well as the women behind the stories.
The overarching goal for the post-pandemic law office should be to create a place that fosters equity and consistency, is easy to use, focuses on people’s well-being and is resilient and sustainable long term for an elevated work experience, writes Gensler's Faisal Naveed. In this article, he shares design principles that can help law firms achieve that goal and make the office a desired destination.
There's a new king of revenues per lawyer in Texas. For the first time ever, two law firms operating in Texas had RPLs of $1.8 million or more in 2020.
The Texas Lawbook 50 ranking of corporate law firms in Texas shows 21 firms achieved an RPL of $1 million or more last year, but only three of them have Texas roots. The Texas Lawbook has the exclusive data and the details.One year ago, corporate law firms in Texas feared financial disaster as they faced the Covid-19 shutdowns. Instead, three-fourths of The Texas Lawbook 50 largest law firms operating in Texas had higher revenues in 2020 than in 2019. Two-thirds posted record revenues, including several based in Texas. Six law firms grew their Texas revenues by 30% or more. The new data shows Texas businesses facing crises relied on their lawyers more in 2020 than ever before.
The top 50 corporate law firms operating in Texas added an average of one lawyer per firm in 2020. Firms now flush with business are worried about overworking their lawyers and are keen to hire new lawyers in 2021, but the talent just isn't available. Of course, even one new face is more than most industry insiders anticipated a year ago as the Covid-19 pandemic and sinking oil prices plunged the economy into recession. The Texas Lawbook has the data and an in-depth report.
Exclusive new data shows that the pandemic put a deep chill on the overheated Texas lateral market last year. Not only did firms stop recruiting, but lawyers stopped answering. But analysis shows it didn't solve the long-term core problem: too much demand for too little talent in Texas. The result: $250,000 signing bonuses. The game of musical chairs is back.
For the first time in history, a Texan is set next year to become the top managing lawyer of a 2,000-attorney global law firm based outside of the Lone Star State. And she’s a woman and Hispanic. Dallas trial lawyer Yvette Ostolaza, a three-decade veteran of the Texas business law community, will become chair of Sidley Austin's managing committee in 2022. The Texas Lawbook takes an in-depth look at Ostolaza's path from a Cuban-immigrant neighborhood in Miami to almost deciding against going to college to leading a corporate law firm that made $2.4 billion in 2020.
The new measure has been enthusiastically received, according to the firm's human resources manager.
More than a dozen years ago, Kimberly Phillips, now GC of litigation at Shell Oil, told Dawn Estes she needed to create her own legal practice. Today, Estes Thorne & Carr is one of the largest women-owned corporate law firms in Texas. How did Estes build such a successful firm in a male-dominated legal world? The Texas Lawbook has the story. “I don't know when Dawn sleeps,” Golds Gym GC Shelby Angel said. “She's extremely responsive and attentive to client needs.”
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