Douglas Getten has left his post as chairman of Paul Hastings’s Houston corporate department, where he worked with energy companies, to join Baker Botts as a capital markets partner in the Texan city.
Getten also had been a partner in the firm’s securities and capital markets practices and its M&A practice.
“Doug is a highly regarded capital markets partner who will help us maintain our strong momentum in this transactional area, particularly in the energy industry,” said John Martin, managing partner of Baker Botts, in a statement. “His addition will add even more scale to the underwriter side of our capital markets practice, and we are thrilled to welcome him to the firm.”
With deep Texas roots, Baker Botts has long been focused on representing energy companies, including oil and gas.
The energy industry has been in a downturn as coronavirus pandemic helped cause prices to drop and triggered some bankruptcies. But the oil and gas industry is cyclical, and well over a dozen national law firms are now ensconced in Texas, ready for boom or bankruptcy.
Several energy-focused Big Law firms have also shifted resources toward representing companies in renewables, to help fortify against the volatility of the traditional oil market.
In February, Baker Botts added two other laterals, corporate and restructuring partner David Eastlake and energy projects partner Julie Mayo, to the Houston office. Mayo formerly ran Norton Rose Fulbright’s U.S. oil and gas practice.
Baker Botts posted gross revenues of $710.8 million in 2020, down from $751.1 million in 2019, according to the latest Am Law data. Profits per equity partner at the 725-lawyer firm rose to $1.85 million in 2020 compared to $1.602 million in 2019, the firm confirmed.
“Baker Botts is the premier law firm in the energy sector and provides an ideal multidisciplinary platform for my practice,” Getten said in a statement. “I have worked with many Baker Botts lawyers over the years and am excited to become a member of their team.”
Getten, who was with Paul Hastings for seven years after working as an associate at Vinson & Elkins, has worked with exploration and production companies, upstream and midstream businesses as well as the oil field services sector. He focuses on corporate finance and securities law matters, including public and private securities offerings, mergers and acquisitions, divestitures, and other investment activities.