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.
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.
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.
Monica Latin: ‘Picking Your Law Firm is Like Picking Your Spouse’
Carrington Coleman has a new managing partner this week: Monica Latin, who has been the firm's head of litigation. “We had an official passing of the torch Friday on an all-firm Zoom,” Latin told The Texas Lawbook in an interview Sunday. “We thanked Bruce [Collins] for his eight years of incredible leadership.”
Texas Legacy Firms: 2019 Was Good, 2020 May Be Make or Break
A dozen of the 17 Texas-based corporate law firms on The Texas Lawbook 50 generated more money in 2019 than they did the year before. Seven scored record high revenues. Some increased income more at their non-Texas offices. This year, however, the leaders at most of the Texas firms are just hoping they make 70-cents on last year’s dollar. The Lawbook provides an in-depth look at Texas firm finances.
Remember 2019? Texas Corporate Firms Scored Record Revenues, Profits – Why it Matters Now
The 50 largest corporate law firms operating in Texas scored record revenues and profits in 2019, added more lawyers than ever before and started the first two to three months of 2020 on pace for even loftier heights, according to exclusive new data collected by The Texas Lawbook. While 2019 seems like such a long time ago, legal analysts say the financial health of Texas law firms in the 14 months leading into the COVID-19 and crude oil price crises is a clear indicator of how they will make it through the rough times ahead.