KRCL Sets Succession Plan in Motion
While the firm's founders are adamant they do not intend to slow down in the next decade, they are making significant changes to empower the next generation of leaders at Kane Russell Coleman Logan.
Updated – Halliburton Names Van Beckwith its Next General Counsel
Halliburton GC Robb Voyles is being promoted to CLO and he has named Baker Botts litigation partner Van Beckwith as his successor. The Texas Lawbook has exclusive interviews with Voyles and Beckwith, who is relocating to Houston and starting the new position Jan. 1.
CDT Roundup: 24 Deals, 23 Firms, 167 Lawyers, $36.3B
Texas business leaders are bullish on dealmaking for next year, with technology front-of-mind on the diligence front, plus a transaction rush by Texas lawyers before year-end. Claire Poole explains.
Weil, V&E Advise on WPX’s $2.5B Purchase of EnCap-backed Felix
Analysts say the deal is attractive for WPX compared with other recent transactions in the consolidating oil patch and may lead to asset sales to help with financing.
Dallas Jury Hits Greyhound with $20M Wrongful Death Verdict
A Dallas jury has awarded $20 million to the family of Hunter Brown, a 25-year-old Seattle resident who was killed in 2017 by a Greyhound bus as he tried to chase after it when it left him behind at a rest stop. Natalie Posgate spoke to Brown’s parents and their lawyer, Charla Aldous, and tells their story.
Locke Lord, Jones Day Aid on Asbury Auto’s $1B Purchase of Park Place Dealerships
The deal increases the buyer's presence in Dallas, which is considered one of the country’s most desirable luxury car markets, with Texas becoming 36% of its sales.
Elite National Corporate Firms Dominate Big Dollar M&A in Texas
There have been 11,013 M&A transactions in Texas during the past 13 years with a combined value of $3.4 trillion. Mergermarket and The Texas Lawbook examined which law firms did most of the biggest deals. Only five of the top 30 firms are based in Texas. Four of the top 10 firms do not have an office in the state.
NRF Survey: Litigation To Rise in 2020
(UPDATED to include Texas responses). Litigation rose slightly in most dispute categories in 2019, but respondents in the annual Norton Rose Fulbright litigation survey say they are worried that economic turbulence in 2020 will provoke a rise in lawsuits over the coming year. The Lawbook has details.
CDT Roundup: 11 Deals, 11 Firms, 55 Lawyers, $10.4B
Energy service and equipment deals are sagging, much like the rest of the sector, with strategic companies the most active acquirers and private equity buyers remaining focused on transactions with diversified exposure across the value chain. Claire Poole explores that plus the continued slide in deal activity by Texas lawyers.
Texas Capital, Independent Go with Non-Texas Lawyers as Primary Counsel on $5.5B Merger
Texas Capital GC Kelly Rentzel chose Sullivan & Cromwell to lead its side of the transaction, while Independent GC Mark Haynie selected Wachtell Lipton. The Texas Lawbook has the details.