Large Texas firms made fewer new partners this year but more of them are women and more are minorities than in years past. Considering the uncertainty in the nation’s economy and the turmoil in Texas’ bedrock energy industry in the wake of Enron Corp.’s bankruptcy, it’s probably not too surprising large Texas firms made fewer new partners as a whole in 2002 than in 2001. The decline isn’t large, about 9.8 percent, but it’s the second year in a row for the trend line to head down instead of up.
This year, 120 lawyers at 18 of the largest firms in Texas made the jump from associate to partner or shareholder with the dawning of the new year. More than one in four of them are women and more than one in 10 are ethnic minorities. Last year, the same group of firms made 133 new partners. [See related charts, pages 36 and 37.]
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