Wake Up Call: Mergers Are Leading Texas-Based Firms to Disappear

Welcome to Bloomberg Law’s Wake Up Call, a daily rundown of the top news for lawyers, law firms, and in-house counsel.

• Texas-based law firms have been closing their doors as they merge with or get taken over by larger corporate firms looking to enter the state. Over the last dozen years, more than 30 firms headquartered in Dallas, Houston, Austin, and San Antonio have followed this path, with more expected in the coming year. (The Dallas Morning News)
• Latham & Watkins and Kirkland & Ellis have the most alumni in the top 100 corporate in-house leader roles, according ...