As out-of-state firms continued to set up shop in Texas—hiring laterals and vying for work—local firms felt the pinch in 2019, which may have dampened the 2019 financial performance of the nine Texas-founded firms among the Am Law 200.
Revenue increased at five of those nine Texas firms, but only one—Jackson Walker—gained ground in the rankings. With a 10.3% increase in revenue in 2019, Jackson Walker was No. 115, up four spots from the year before. The Dallas-based firm’s jump in revenue came with a 6% increase in lawyer head count.