“Texas Law Firms Fight for Talent, Revenues and Survival”
A handful of law firms – those described by legal consultants and analysts as the “elites” – are experiencing phenomenal growth in revenues, profits and workload. Litigation boutiques targeting business disputes seem to open weekly. National law firms with specialty practice areas such as health care, employment law and intellectual property law, are flooding into Texas. Even global mega-law firms have infiltrated the state’s once tightly knitted legal marketplace.
“Texas is an extremely competitive market for talent and clients,” said Thompson & Knight Managing Partner Emily Parker. “The elite firms are following the energy clients. We see franchising operations setting up in every major city, including now in Dallas and Houston. All these factors are coming together at once because of the Texas economy.”