Tim Powers became Haynes and Boone’s fourth managing partner when he assumed leadership of the firm on January 1, 2015. In his role as chief executive, Tim chairs the firm’s executive committee and board of directors, and is responsible for developing and implementing the firm’s strategy for achieving its goals and growth plans. He has been a longtime Haynes and Boone leader, holding numerous firm-wide roles, including department chair, practice management chair, marketing partner, lateral hiring partner and member of the compensation and appointments committees. He also has led the development of the firm's international practice, as well as its global geographic growth.
In his practice Tim is widely credited with having led the legal development of the subscription secured credit facility market, and he has helped build Haynes and Boone into a global leader in the representation of U.S. and foreign commercial and investment banks in subscription financings for private equity funds. To date he has advised lead agents and arrangers on more than 500 such facilities with an aggregate notional value in excess of $60 billion. In connection with his subscription finance practice, Chambers USA 2014, Chambers and Partners, has written that Tim is recognized by clients as “the originator and the expert in the industry, and an incredibly strong attorney, with a strong power base, excellent business sense, pragmatic, and with the ability to get things done effectively and in a no-nonsense manner.”
Tim also has been involved in more than $1 billion in U.S. real estate investments by foreign investors. He edited Foreign Investment in U.S. Real Estate: A Comprehensive Guide, and co-edited Complying with FIRPTA: A Manual of Forms, and the USA Chapter of The International Comparative Legal Guide to Real Estate. He has worked extensively with Japanese clients in connection with their U.S. business ventures and investments, including serving in general counsel-type roles for U.S.–Japanese semiconductor joint ventures.
In one of his more intriguing engagements, Tim represented the First National Bank of Whitewright in connection with the safe return of the Quedlinburg Treasures to its German owners. In the book, Treasure Hunt, the account of the theft labeled as one of the greatest and longest unsolved art thefts of the 20th Century, Tim’s “great integrity” in the handling of the case is credited as a primary reason for the restoration of these medieval art works to their rightful owners.
A recognized leader of the bar, Tim has held senior leadership positions in the International Bar Association, American Bar Association, State Bar of Texas and The Center for American and International Law (formerly The Southwestern Legal Foundation). He is a member of the executive board of Southern Methodist University Dedman School of Law, and currently serves as president of the International Bar Association Foundation.
Under Tim’s leadership, the firm became a founding member of The World Services Group, a multi-disciplinary network of independent law, accounting and investment banking firms whose members have more than 19,000 professionals in 550 offices across more than 100 countries. Tim served as the organization’s 2003-2004 chairman.
Within the community, Tim has served in senior leadership roles and on the board of directors of the World Affairs Council of Dallas/Fort Worth, Dallas Regional Chamber, Dallas Committee on Foreign Relations, YMCA of Metropolitan Dallas, Japan America Society of Dallas/Fort Worth, Dallas Breakfast Group and Crossroads Community Services. He also has served as a trustee of The First United Methodist Church – Dallas.
Tim is also a member of the Council on Foreign Relations, the Dallas Citizens Council, the Anglo American Real Property Institute, the American Bar Foundation and the Texas Bar Foundation.
Tim’s contributions to the profession have been widely recognized by his peers. As such, he is consistently ranked and listed in Chambers USA, Chambers and Partners, as one of America’s Leading Lawyers for Business (since 2010), as one of the Best Lawyers in America (since 2003), as a Texas Super Lawyer (since 2003), and as one of the World’s Leading Real Estate Lawyers (Euromoney 1998, 2002, 2012, 2013). Tim was recognized in "Best Lawyers of Dallas" by D Magazine in 2015 and is ranked by Martindale Hubbell® Law Directory with a Peer Review Rating of AV® Preeminent™.