“Texas Lawbook Exclusive: Financial Data shows Seismic Shift Continues in Texas Legal Market”
Not all Texas law firms suffered in 2015. Thompson & Knight increased its Texas revenues by 4 percent, while Jackson Walker’s revenues grew by 3 percent.
“The volatility in the Texas legal market is something all firms have to confront,” Thompson & Knight managing partner Mark Sloan said in an interview earlier this year. “The economy is a challenge. Changing client demands is a challenge. Holding on to our talent is a huge challenge.
“We know we cannot get into a bidding war over talent with the wealthier firms,” Sloan said. “So, we must create an environment where lawyers want to work.”