It is that time of year again when we delve into the wonderful world of Firm Finance. As part of this annual project, we take a look inside the books of the top 25 firms in Texas and see how they fared in 2015.
Last year was difficult for Texas as a whole, with plummeting oil prices disrupting business—especially in the Houston area. The price of a barrel of West Texas Intermediate Crude averaged $48.66 in 2015, compared with $93.25 in 2014. But Big Law’s finances overall in 2015 didn’t reflect that. In fact, gross revenue and net income was up year-over-year for the group of the top highest grossing firms in the state. Leading the pack was the highest-grossing firm Akin Gump, which also topped the chart in net income. In fact, among the 23 firms where we have numbers from last year, 14 improved on their net income.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
