Wake Up Call: Texas Firms, Energy Clients Face Ukraine Snags

In today’s column, deal work pushed up Reed Smith’s revenues and profits last year; Sheppard Mullin continued its 31-year streak of growth; more firms matched Cravath’s pay scale for associates.

• Leading off, sanctions against Russian companies and professionals that do business with them are causing complications for Big Law firms operating in Texas and for energy firms’ in-house lawyers, a report says. (Houston Chronicle) Ukrainian authorities said that citizens that seize Russian invaders’ military equipment don’t need to declare them for tax purposes. (The Guardian)
• Reed Smith said M&A and private equity deal work helped drive ...