Texas law firms generated record revenue in 2022
“We had another record in 2022, as nearly all practice groups stayed incredibly busy,” said Yvette Ostolaza, chair of the management committee at Sidley aUSTIN.The top firms in Texas corporate law continued to thrive in 2022, the most normal year since the COVID-19 pandemic.
“Texas performed well and outperformed other regions,” said Kent Zimmermann, a principal at the Zeughauser Group, a Newport Beach, California, strategic adviser to law firms. “That has to do with strength in energy and evergreen practices that aren’t tied to the ups and downs of the economy. Unlike other places, most of the firms in Texas aren’t so heavily weighted toward transactional work.”
Firm leaders said they stayed busy with public and private infrastructure, conventional and renewable energy, private equity-driven M&A and two of the most active patent litigation courts in the country.
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