The Big Law market already favors the strong, and that may only become more pronounced as a result of the coronavirus crisis. Firms with more diversified practices, usually big, rich partnerships, have a natural hedge against acute damage being inflicted upon certain industries.
Oil and Gas: Houston’s oil and gas market is one prime example. Firms with Texas roots tend to have M&A practices more heavily concentrated in the region’s energy market compared to national competitors who have opened Houston offices.
Deal Flow: M&A involving Texas energy companies was at lows not seen since 2009 in the first quarter. The broader M&A market has been slowed by the coronavirus, but not to the same extent.
Roy Strom has more in this week’s Big Law Business column.
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BLOOMBERG LAW ANALYSIS
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Follow the latest changes in court operations using our interactive map.
Follow Bloomberg Law reporters on Twitter as they track updates from courts across the country with the hashtag #COVID19Courts.
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