Bell Nunnally has had the same managing partner for two decades. That changes Sept. 1 when trial partner Christopher Trowbridge takes the reins of the 63 lawyer corporate firm. But he knows there will be many challenges ahead.
Seventeen Law Firms in Texas Hit Elite Status
There are many ways to judge the financial success of a law firm, including head count, total revenues, net profits and profits per partner. The Texas Lawbook uses revenue per lawyer. A new Texas-based law firm crashed into the group of elite firms that had RPLs of $1 million or more in 2018. The Lawbook has the exclusive rankings.
Chron: Law School Starts Incubator for Community-minded Graduates
Gary Bledsoe, the acting dean of the Thurgood Marshall School of Law at Texas Southern University, has launched an entrepreneurship incubator for community-minded law graduates.
Big Law, A Sweat Suit Summer and Bringing Down the Tyranny of the Tie
During the Summer of 1998, Dallas endured 56 days of 100-degree weather. That same summer Chris Kratovil entered Big Law at Hughes & Luce. The memory of that summer was the beginning of the Tyranny of the Tie and Kratovil, who now manages a law firm office, is glad not to go back.
King & Spalding Quietly Keeps Growing in Texas
In 1995, the Atlanta firm King & Spalding was asked by one of its major clients to open a Texas office. Oil was trading at $17 per barrel and natural gas below $2 Mcf. Still, Houston was on the rise and so K&S took the plunge. More than two decades later, its quiet, steady success has become the template for other national firms looking for a piece of the Lone Star State. Claire Poole tells their story.
State Bar Discipline: Three Judges, 23 Lawyers, and a Few Felonies
The State Bar of Texas has released its May disciplinary report. Aside from standard infractions of case inattention and inappropriate political endorsements, breaches of the canons cited by the bar’s disciplinary panels this month also include money-laundering, wire fraud, theft, income tax evasion and fixing tickets for friends of a musician named Fruity Villareal. The Lawbook has the list and the details.
The Texas Lawbook Top 50: Corporate Lawyers Make $6 Billion, Elite Law Firms Biggest Beneficiary
Corporate lawyers operating in Texas made a record-smashing amount of money in 2018. Exclusive new research by The Texas Lawbook shows that the top 50 business law firms with offices in Dallas, Houston and Austin generated just a hair shy of $6 billion in revenues in 2018 – a 6% increase from 2017. Twenty-six corporate law firms worked more hours and collected more dollars last year than ever before. Several elite legal practices had huge financial gains last year. A few large Texas legacy law firms experienced significant economic declines in 2018. The Texas Lawbook has the details.
TLB Exclusive: Dozens of Texas Law Firms Experience Cyber Incidents/Data Breaches
At least 42 corporate law firms operating in Texas have experienced a “cyber incident” or an actual data breach during the past two years, according to an exclusive new Texas Lawbook survey. But 90% of law firms report that one of the vendors they use has been the victim of a cyber attack. GCs, including those at Match Group and Halliburton, say they are concerned about the safety of client information and law firms, according to the survey, are finally paying attention to cyber threats.