Large and mid-sized firms like Haynes and Boone, LLP are doing more work and generating more revenues this year than they ever have before, according to a new Texas Lawbook survey.
Here is an excerpt:
Seventy-five percent of the biggest corporate law firms operating in Texas say that they are witnessing a record year in revenues and profits so far, according to a new Texas Lawbook survey of law firm leaders.
The other 25 percent of law firms confirm that they are having a better than expected year financially, but likely will not exceed revenues or profits from the past few years, which also were record highs. . .
Traditional old-line Texas-based firms, including Baker Botts, Haynes and Boone, Jackson Walker, Vinson & Elkins, Winstead and Thompson & Knight, say their lawyers are busier than ever.. . .
“We’re on track for our best year ever,” says Managing Partner Tim Powers. “We are cautiously optimistic about the next year.”
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