Updated to include lender details According to data released Monday by the U.S. Treasury Department, 1,160 Texas law firms applied for and received as much as $924 million total in ultimately forgivable loans from the Paycheck Protection Program. The Texas Lawbook has the entire list and it includes law firms from every corner of the state.
Texas Law Firm PPP Loans
The U.S. Treasury Department released this week the names of Texas businesses receiving loans under the Paycheck Protection Program voted by Congress in response to the COVID-19 pandemic. Among the
How COVID-19 is Forcing Law Firms to Rethink the Office Landscape
While most law firms have been successfully working remotely in the Covid-19 era, a recent Gensler survey found only 12% of workers want to work from home full-time. A majority of respondents want to return to the workplace, but with critical changes. So what might the law office of the future look like?
Top 12 Financially Elite Law Firms in Texas: Just the Numbers, Ma’am
There are law firms where just the name denotes prestige and an elite status. Pure financial data indicates there are a dozen firms that stand out from the rest. Only three have roots in Texas. Five of the law firms only opened offices in Texas during the past decade. The Texas Lawbook highlights the 12 and how they became elite.
Updated: Even More Firms Make Juneteenth a Holiday
Two more firms, Haynes and Boone and Fears Nachawati, have announced that this Friday, Juneteenth, is now an official holiday to commemorate the end of slavery.
Revenues Per Lawyer Grew in Texas in 2019
More law firms in Texas scored revenues per lawyer of $1 million or more in 2019 than ever before. In fact, The Texas Lawbook 50 averaged seven-digits for the first time ever last year. Twenty-three law firms operating in Texas achieved the lofty standard demonstrating success. The Lawbook has the data and the details.
New HBA Prez Bill Kroger Talks Billy Gibbons, Lightnin’ Hopkins, Yellow Fever and ‘Monumental Challenges’
Baker Botts partner Bill Kroger knows music and Texas legal history. He needs both as he faces some monumental challenges as the new president of the Houston Bar Association. Exactly 150 years ago, Baker Botts co-founder Peter Gray was the bar’s first president. His big issue in 1870: a healthcare crisis known as the Yellow Fever, which killed thousands of people, bankrupted Texas businesses and led to an armed quarantine.
In Times of Uncertainty, Texas Law Firm Leaders Should Focus on What They Can Control
As the Covid-19 crisis stretches on, law firms need a renewed focus on communication and culture. The managing partners of Sidley’s two Texas offices weigh in and also discuss how the pandemic has changed lateral and talent recruitment.
The Texas Middle Market – Flat or Firm, Stable or Stale?
There are seven middle market corporate law firms in The Texas Lawbook 50 in 2019 – down from nine a year earlier. They employed 721 corporate lawyers and generated $452 million in revenues. Some had record years. Others restructured. Legal industry analysts say these firms are a throwback to old-fashioned legal practices when lawyers were actually counselors for their business clients, and they might just thrive in this new crisis environment. Updated to include correction.
They Came, They Fought, They Conquered – The Facts Behind National Law Firms’ Invasion of Texas
For the first time ever, Texas lawyers for national law firms made more money – $3.48 billion – than their Texas-based competition in 2019, according to new Texas Lawbook data. The 16 fastest growing corporate law firms in Texas during the past five years are all headquartered outside of the state. “We saw the writing on the wall,” said Shearman’s Hugh Tucker.