Big Law in Austin Tx

Big Law in Austin Tx

Quinn Emanuel, who opened an office in Austin in January, has already handled several intellectual property and patent cases, as well as litigation for energy customers, said John Bash, a business partner based in the city. In 2021 alone, major companies Kirkland & Ellis, Quinn Emanuel, Urquhart & Sullivan and O`Melveny & Myers announced the opening of offices in Austin, as did Silicon Valley technology company Gunderson Dettmer. Eight others have opened offices in the city since 2018. Overall, demand in Texas is relatively stable and diversified. In Houston, the energy industry is driving the legal market, but companies have recently diversified their practices. Of all the Texas markets, Dallas is the easiest to break through without connections in Texas and is the most international. Austin is experiencing significant growth due to the expansion of its technology sector – Kirkland & Ellis and Gunderson Dettmer both recently opened offices in the city. Bracewell DykemaHogan LovellsHolland & KnightHuntonJackson WalkerJones DayMorgan LewisNelson MullinsNorton RosePolsinelliProskauerReed SmithSeyfarth ShawShearman & SterlingSheppard MullinSimpson ThacherSkaddenWinston & Strawn • Haynes and Boone • Thompson & Knight • Locke Lord • Jones Day • Winstead • Gardee Wynne Sewell • Jackson Walker • Norton Rose Fulbright • Vinson & Elkins • Kelly Hart & Hallman “As these companies grow, these are IPOs  ” she said. Texas has the second largest population in the United States and offers a variety of options in terms of law firms and practice areas. There are several different legal markets, and the most important are Houston and Dallas. Austin follows closely, but it is very difficult to break through without very strong ties to the region. There are more than 95 Fortune 500 companies headquartered in Texas.

A plethora of investment opportunities have resulted in fairly healthy legal markets. Dallas and Houston are two of the largest markets in the country, with the Dallas/Fort Worth area home to more than 10,000 headquarters, more than anywhere else in the United States. That`s why Texas companies have opened their doors to a flood of lateral entrants in recent years. A Haynes & Boone employee told us, “In recent years, the Houston market has changed a lot and many national and international companies have opened up here. We saw people leave traditional Texas businesses to go home, so there was more revenue than usual. Since 2010, Latham & Watkins, Sidley Austin, Quinn Emanuel, Kirkland & Ellis, Arnold & Porter, K&L Gates, Reed Smith and Katten Muchin have all established offices in Houston. Long-time Texas companies are under increasing pressure to improve their game, as young employees looking to start their careers now have many more choices from where to go. But the number of customers willing to pay large rates is lower than in Texas` largest cities, said Becky Diffen, a partner at Norton Rose Fulbright, which opened its Austin office in 1978.

According to Wine, the firm is actively seeking corporate and intellectual property lawyers in Austin, its 17th office in the world. Kirkland has always had customers in Austin, though the company served them from Dallas and Houston before opening an office in the city in January, Hicks said. Kirkland continues expansion in Texas with New Austin Outpost In addition to Kirkland, Quinn and O`Melveny, other companies that have opened offices in Austin since 2018 include Perkins Coie, Orrick, Spencer Fane, Foley & Lardner, Reed Smith, Shearman & Sterling, Duane Morris and Clark Hill. At least seven major law firms, including Kirkland & Ellis, Latham & Watkins, O`Melveny & Myers and Quinn Emanuel Urquhart & Sullivan, opened in Austin in 2021. Morrison & Foerster appears to be the first of the largest U.S. companies to enter the Texas capital in 2022. Wine said Morrison & Foerster has been keeping an eye on the Silicon Hills since 2019. “Why not take the opportunity to hire excellent lawyers in Austin`s legal market and expand our presence here,” she said. “We have a lot of connections where people say, `Hey, I`m leaving California, I`m leaving New York. Many of them, when they land in Texas, end up in the Austin area. The energy sector is not the only winning industry in Texas. As Amanda Kelly, head of attorney recruitment at Haynes and Boone points out, “Many people don`t realize that Texas ranks second only to New York in the number of fortune 1000 headquarters.

Our firm serves 20% of Fortune 500 companies in a variety of industries, including energy, technology, aviation, transportation and healthcare, so we are diverse and remain employed. Right now, for example, real estate has performed well, and a lot of our work comes from outside of Texas, especially on the intellectual property side. Karen Sargent, from the Career Services Office at Southern Methodist University, adds, “I would say that intellectual property law was originally the rocket registry in East Texas – we have now opened a U.S. patent and trademark office in Dallas, and intellectual property is a big focus of our law school. Obviously, energy is important here, but it comes and goes with the economy. On the corporate side, we are a hub for some of the largest companies in the country, resulting in a huge amount of M&A work. Law firms are now moving to the Dallas area for intellectual property and transactions, where they previously moved to Houston for energy. Brian Nash, an attorney specializing in intellectual property litigation, and Steve Tyndall, a lawyer specializing in emerging companies, joined the firm as partners at Pillsbury Winthrop Shaw Pittman in Austin and two partners. Aaron Fountain has joined the new office as an intellectual property litigation partner at DLA Piper. “If you can give people the opportunity to live in a place like Austin and do the work with the clients you`ve built, that`s a great win-win situation,” Diffen said. “If companies think they`ll be able to do the same thing they did in Dallas and Houston, they`re terribly wrong.” Tesla plans to manufacture its Model Y crossover at an Austin plant by the end of the year.