Latham & Watkins has added corporate partner Mollie Duckworth in Austin, Texas, where she formerly served as partner in charge of Baker Botts’ office, ramping up the growth of the firm’s newest office in a competitive market for talent.
Duckworth advises clients on M&A transactions, public offerings and private placements of equity and debt securities. She also advises master limited partnerships, known as MLPs, a corporate entity common in the energy industry that has been a large part of Latham’s Texas practice dating back to its Houston launch in 2010.
Duckworth’s hire adds to the three partners who launched Latham’s Austin office, which Bloomberg Law first reported in August. Latham initially hired DLA Piper partners Sam Zabaneh and Jenifer Smith and Wilson, Sonsini, Goodrich & Rosati partner Scott Craig.
Like all of those lawyers, Duckworth has ties to the University of Texas, where she received her law and undergraduate degrees. Those connections are increasingly important as law firms vie to hire the best law students in a competitive labor market in Austin and elsewhere.
“I look forward to combining my deep relationships across the Texas market with Latham’s world class platform to serve our clients across the technology, energy and infrastructure industries,” Duckworth said in a statement.
Austin has become a hot spot for Big Law firms, drawn by the city’s growing crowd of technology and life sciences companies. This year alone law firms including Kirkland & Ellis, Quinn, Emanuel, Urquhart & Sullivan, and O’Melveny & Myers announced Austin office openings, as did Silicon Valley tech firm Gunderson Dettmer.
Latham is the country’s second largest law firm by revenue, hauling in $4.3 billion in 2020, according to the latest AmLaw rankings. The firm’s equity partners earned $4.5 million on average last year.
“Mollie is a true leader in her field, and she brings a fantastic range of capital markets experience advising clients across a spectrum of corporate needs,” Ian Schuman, global chair of Latham’s capital markets practice, said in a statement. “She is a perfect addition to our strong and growing team.”