The Battle of the Texas Bankruptcy Legal Advisors – A Statistical Analysis of the Firms and Lawyers

The COVID-19 pandemic and the downturn in the oil patch have caused pain and cutbacks in the Texas legal community. Yet a handful of corporate law firms are thriving and raking in record revenues because of these crises.

Charging hourly rates between $400 and $1,700, 15 regional and national law firms operating in Dallas and Houston are competing to represent debtors, creditors, financial institutions, conflicts committees and landlords in scores of complex business bankruptcies in which hundreds of millions – in some cases billions – of dollars need to be forgiven, restructured, loaned and invested.