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Wake Up Call: Vinson & Elkins Posts Revenue, Profit Growth

Jan. 28, 2022, 1:56 PM

In today’s column, the incoming executive director of Georgetown Law’s Constitution center is apologizing for controversial tweets about President Biden’s promise to put a Black woman on SCOTUS; a 10-lawyer group left FisherBroyles to start a new firm; Paul Hastings disclosed its lobbying work for an Israeli spyware firm.

  • Leading off, Houston-based Vinson & Elkins bounced back from 2020’s energy sector woes to post 16.6% revenue growth in 2021, to $912.4 million. The firm cited soaring demand for its M&A, capital markets, finance, and trial work and said its work on alternative energy projects continues to grow. V&E’s profits per equity partner grew 19.3% to reach $3.508 million, according to a report based on preliminary data. (Texas Lawyer)
  • New York’s appellate departments will return to in-person arguments in the coming weeks after a surge in omicron-variant Covid cases forced a shift to remote arguments in December and January. (New York Law Journal)
  • New York asset managers, private equity firms and elite Wall Street law firm partners that advise them have been setting up in Miami in the last few years. But top Big Law firms, with lawyers able to work remotely, may not open physical offices in Florida, at least until a big competitor does it, recruiters say. (Daily Business Review)

Lawyers, Law Firms

  • Virtual firm FisherBroyles has lost a 10-lawyer group, which left with around 20 staff members to launch a new firm. Atlanta-based Lavender, Hoffman & Alderman, focused on medical malpractice defense and health-care reimbursement disputes, starts with a “substantial” chunk of business brought over from FisherBroyles, a report says. (Daily Report)
  • Paul Hastings reported lobbying work for controversial Israeli spyware firm NSO Group. (Reuters)
  • DLA Piper said it signed an agreement to purchase 13 megawatts of renewable power for its 15 European and U.K. offices, as part of its commitment to halve its greenhouse gas emissions by 2030. (DLA Piper)

Laterals, Moves, In-house

  • Reed Smith appointed London-based shipping and aviation asset finance partner Richard Hakes as global transportation industry group chair; Seyfarth Shaw grabbed Greenberg Traurig labor & employment partner Jamie Rich, who was co-chair of Greenberg’s labor-management relations group, as a partner in San Francisco; Buchalter brought in four attorneys in Sacramento, California, including labor and employment senior counsel Phillip Chan and shareholder Bryan Phipps in its tax, benefits, and estate planning and litigation practice groups; Manatt snagged entertainment litigator Nathaniel Bach as a partner in Los Angeles. He arrives from Gibson, Dunn & Crutcher; Steptoe & Johnson LLP added white collar defense attorney Jonathan Baum as a partner in San Francisco. (Steptoe.com)
  • Akerman got back a former senior associate, tax attorney David Slenn, who rejoins as a partner in Naples, Florida; Womble Bond Dickinson hired former Reed Smith environmental attorney Daniella Landers as a partner in Houston; Baker McKenzie picked up Hogan Lovells’ chief financial officer for the Americas, William M. Washington III, as its new global CFO based in Washington; Foley & Lardner hired away White & Case’s chief operating officer for the Americas, Steven Petrie, as its new COO. (Foley.com)
  • Alternative legal services company Rocket Lawyer hired former PwC senior vice president for engineering Sumit Malhotra as chief technology officer based in California. (Artificial Lawyer) Family location-sharing platform Life360 Inc. hired Kirsten Daru as general counsel and chief privacy officer. She was previously top lawyer at tracking tech company Tile, which San Francisco-based Life360 recently acquired. (Corporate Counsel)

Legal Education

  • Constitutional scholar Ilya Shapiro’s new job as executive director of the Georgetown Center for the Constitution at Georgetown Law is on shaky ground with his first day still days away. Shapiro, also hired as a senior lecturer at the school, apologized late Thursday for now deleted Tweets in which he criticized President Biden’s promise to nominate a Black woman to replace retiring Justice Breyer on the Supreme Court. William M. Treanor, dean and executive vice president of the Georgetown University Law Center, condemned Shapiro’s remarks in a statement. (WaPo) (Above The Law)

To contact the correspondent on this story: Rick Mitchell in Paris at rMitchell@correspondent.bloomberglaw.com

To contact the editors responsible for this story: Chris Opfer in New York at copfer@bloomberglaw.com; Darren Bowman at dbowman@bloomberglaw.com