Blackstone to Acquire TXNM Energy for $11.5B
The take-private deal fits the grid-based energy strategy of Blackstone, one of the largest data center operators in the nation.
Kirkland is Texas’ First Billion-Dollar Law Firm
Kirkland & Ellis has become the baseball Hall of Famer Bob Gibson of corporate law firms — fiercely competitive and dominant, despised and envied by opponents and outrageously successful. Entering its second decade with offices in Texas, Kirkland achieved a new high in 2024 that even its Texas leader, Andy Calder, never conceived they could accomplish.
Lawbook 50: Eight Firms — All Texas, All the Time, All Profitable
Kelly Hart, Porter Hedges, Jackson Walker and five other law firms tracked by the Texas Lawbook 50 are 98 percent Texas operations with only a handful of lawyers outside the state. All eight law firms hit record highs last year in revenues and profits, and they are growing revenue and headcount at the same pace as the mega corporate firms that surround them. This gang of eight generated $1.046 billion in revenue in 2024 — up nine percent from the prior year, according to Lawbook 50 research. “We had another record-breaking year in 2024 — beyond what we reasonably expected,” Porter Hedges co-managing partner Joyce Soliman told The Lawbook.
Sarah T. Hughes Diversity Scholarship on Pause, Bar None Fundraiser Canceled
The Sarah T. Hughes Diversity Scholarship, which has supported law students in Dallas for more than four decades, has been put on hold, prompting the cancellation of the Bar None fundraising event. This suspension comes amid uncertainty brought on by the Trump Administration’s various executive orders impacting diversity initiatives across the country.
Houston Crane Co. Slammed with $640M Verdict Over Construction Site Fatality
Jurors in Harris County this week awarded the family of a man who was killed at a construction site a total of $640 million, most of which came in the form of a whopping $480 million assessment of punitive damages against Houston-based TNT Crane & Rigging. A day before the jury assessed punitive damages, counsel for TNT had asked the court in an emergency motion for a mistrial, dismissal of the punitive damages phase of trial and sanctions against plaintiffs counsel, Tony Buzbee.
Judge Signals Final Ruling in Favor of Conservative Group in Southwest Airlines Student Travel Program Suit
A federal judge in Dallas alerted lawyers in an opinion and order Wednesday of his intention to enter final judgment in favor of Edward Blum’s American Alliance for Equal Rights, awarding them one cent in nominal damages and legal fees in a lawsuit against Southwest Airlines. The case challenged a now-shuttered program that provided free flights to low-income Hispanic students, which the group claimed was discriminatory. The judge opined that Southwest’s “unconditional surrender” justified ending the case without ruling on the merits.
Q&A with Lobbyist Amy Bresnen
Amy Bresnen began working at the Texas Capitol in the 2000s as a grunt in the army of college-age students that runs on Red Bull and ambition to complete the behind-the-scenes work critical to each session. The Texas Lawbook recently sat down with Bresnen in a quiet corner of the Capitol cafeteria to discuss her work.
Anti-DEI Group Accuses Southwest Airlines of Trying to Dodge Liability in Federal Lawsuit
Southwest Airlines is seeking a court judgment that would allow it to pay nominal damages and attorneys’ fees without an admission of liability in a federal civil rights lawsuit over a now-defunct program that offered free flights to low-income Hispanic students. Prominent conservative Edward Blum’s American Alliance for Equal Rights, which sued the airline on behalf of white and Asian students, argued in a court filing Tuesday that Southwest’s request is improper and aimed at avoiding legal accountability. The group urged the judge to reject Southwest’s bid and instead grant its own motion for summary judgment to resolve the case on its merits.
Grocery Deliverer Claims Private Equity Firm Cost It Millions in Longstanding Contracts with El Rancho Chain
Skyward Transportation’s lawsuit claims all was well until El Rancho was acquired in 2023 by an arm of Apollo Global Management.
Litigation Roundup: SCOTX Decides Barratry Case
In this edition of Litigation Roundup, a Dallas law firm gets another favorable verdict in a mesothelioma trial against Johnson & Johnson, a federal judge in McAllen hands out prison sentences for participants in a $110 million kickback scheme, and the Texas Supreme Court clarifies the limitations of a state law that prohibits the unlawful solicitation of legal clients.