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Tuesday, April 30, 2013
Wife of Former JP Arrested in Connection With Texas DA Killings
Monday, April 8, 2013
Off the Shelf: ‘Big, Hot, Cheap and Right,’ a New Look at Texas - Review
Wednesday, January 2, 2013
Report Urges Higher Pay for Texas Judges
Texas judges haven't gotten a raise since 2005, and they earn less than judges made in 1990 when considering inflation, says a recent report by the Judicial Compensation Commission.
Increasing judicial salaries for district judges, intermediate appellate justices and jurists of the two high courts by more than 21 percent is necessary to attract qualified lawyers to the bench and stop experienced jurists from leaving, says the report.
Former Texas Supreme Court Justice Dale Wainwright says financial considerations factored significantly into his decision to leave the high court in September. For a Supreme Court justice, he says, "The difference between what they are making in the public sector and what they could be making in the private sector can be several million dollars every few years."
Judges and their families make a financial sacrifice so the judge can serve, he says, and the relatively low salary shortens their tenures.
"I have the utmost respect to folks who do public service. … Anything the Legislature can do to help compensate the members of our judiciary better would only improve the bench," says Wainwright, partner in Bracewell & Giuliani in Austin.
Judicial Compensation Commission member Pat Mizell notes that judges' compensation is "extraordinarily low" compared to the pay of private-sector lawyers. For example, the salary of a district judge is much lower than a starting lawyer at his firm, Vinson & Elkins in Houston.
"It's $40- to $50,000 less than what a 25-year-old kid out of law school makes," he says, adding, "We're already in a situation where it is starting to affect the quality of the judiciary. Good judges are having a very difficult time making ends meet under the current salary structure."
The 80th Legislature created the commission, and the governor appoints members, subject to Senate consent.
THE REPORT
The state pays the entire salary of jurists of the two high courts. Intermediate appellate justices and district court judges receive the majority of their salaries from the state, with supplemental pay from counties. The commission recommends increasing state salaries across the board by 21.1 percent to 21.5 percent.
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Saturday, December 22, 2012
Report Urges Higher Pay for Texas Judges
Texas judges haven't gotten a raise since 2005, and they earn less than judges made in 1990 when considering inflation, says a recent report by the Judicial Compensation Commission.
Increasing judicial salaries for district judges, intermediate appellate justices and jurists of the two high courts by more than 21 percent is necessary to attract qualified lawyers to the bench and stop experienced jurists from leaving, says the report.
Former Texas Supreme Court Justice Dale Wainwright says financial considerations factored significantly into his decision to leave the high court in September. For a Supreme Court justice, he says, "The difference between what they are making in the public sector and what they could be making in the private sector can be several million dollars every few years."
Judges and their families make a financial sacrifice so the judge can serve, he says, and the relatively low salary shortens their tenures.
"I have the utmost respect to folks who do public service. … Anything the Legislature can do to help compensate the members of our judiciary better would only improve the bench," says Wainwright, partner in Bracewell & Giuliani in Austin.
Judicial Compensation Commission member Pat Mizell notes that judges' compensation is "extraordinarily low" compared to the pay of private-sector lawyers. For example, the salary of a district judge is much lower than a starting lawyer at his firm, Vinson & Elkins in Houston.
"It's $40- to $50,000 less than what a 25-year-old kid out of law school makes," he says, adding, "We're already in a situation where it is starting to affect the quality of the judiciary. Good judges are having a very difficult time making ends meet under the current salary structure."
The 80th Legislature created the commission, and the governor appoints members, subject to Senate consent.
THE REPORT
The state pays the entire salary of jurists of the two high courts. Intermediate appellate justices and district court judges receive the majority of their salaries from the state, with supplemental pay from counties. The commission recommends increasing state salaries across the board by 21.1 percent to 21.5 percent.
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Wednesday, December 12, 2012
Texas judge halts oil pipeline work
Tuesday, December 11, 2012
Gusher of Work Has West Texas Firms Hiring Laterals
James Leeton doesn't mince words when describing how crazy-busy West Texas lawyers are in the midst of the current oil and gas drilling boom.
"It's like out of the world. It's frantic," says Leeton, a shareholder in Bullock Scott in Midland, the West Texas city that's dealing with a shortage of housing, crowded schools and restaurants, and rush hour traffic due to the energy business madness.
Leeton isn't the only Midland lawyer gleefully talking about how busy firms are because of the boom in drilling in the Permian Basin in West Texas.
"We are very, very busy -- busier than I guess we have ever been," says Robert Bledsoe, a founding member in the 37-year-old Cotton Bledsoe Tighe & Dawson in Midland.
"If a lawyer lives in Midland and he's not busy, it's because he doesn't want to be," Bledsoe says.
The big boom in energy business is due to the relatively high price of oil, which improves the profitability of new-technology drilling methods such as fracking -- injecting fluid into cracks in a rock formation to allow more oil and gas to flow -- and horizontal drilling. The average price of a barrel of crude oil in 2002 was $29.12, compared to $94.87 in 2011.
Bledsoe says the current energy boom is nothing like booms of the past.
"We have wells being drilled in the city limits; we have wells being drilled all over the county, all over adjacent counties. The boom is because of new discoveries and new methods of producing what's being discovered. That's the basis of it," he says, adding that there's a lot more drilling success using the new technology.
"It's the busiest I've been since I've lived in Midland," says Robert Spears, a shareholder in Lynch Chappell & Alsup, who has done oil and gas work in Midland for the last 42 years. He says it's busier than the legendary boom that started in 1973 and ended around nine years later.
Economist Ray Perryman, president of The Perryman Group of Waco, Texas, says the price of oil is a major factor in the energy boom. He says the Permian Basin, located in West Texas, has a higher percentage of oil relative to natural gas, so the current high price of oil "works in favor of the region."
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Monday, December 3, 2012
Texas death row inmate loses impairment appeal
Tuesday, October 16, 2012
Protesters Gather at Keystone XL Site in Texas
Wednesday, October 10, 2012
Compensation for Chief Legal Officers at Large Texas Companies Up 11 Percent
General counsel who are among the highest-paid executives at large Texas companies earned more on average in 2011 than in 2010, according to Texas Lawyer's annual Corporate Roster, which reports on GC compensation.
Compensation for chief legal officers at 51 large Texas companies averaged $2,198,109 in 2011, up 11.8 percent compared to an average of $1,966,590 at 48 large Texas companies in 2010.
It's the second year in a row that average total compensation for the GCs improved on a year-to-year basis, following two years of declines, and the highest average since 2007, when compensation averaged $1,991,410 for 51 general counsel at 51 Texas companies.
GC pay packages continue to exceed the average profits per partner at large Texas firms. In 2011, partners in the 25 highest-grossing firms in Texas made $924,280 on average, which is less than half of the $2,198,109 average compensation for the GCs at large Texas companies in 2011.
Wayne Watts, senior executive vice president and general counsel at AT&T Inc. in Dallas, heads the list of Texas' highest-paid GCs, with compensation totaling $8,505,373 in 2011, including equity valued at $3,407,689.
In an emailed statement, AT&T writes that it "remains committed to paying for performance, and Mr. Watts' compensation reflects this: in 2011, more than 85 percent of his target compensation was tied to performance.
"Mr. Watts' compensation also reflects his responsibilities as general counsel of one of the world's largest telecom companies and the 12th largest corporation in the United States. During 2011 he effectively guided the company's regulatory filings and compliance matters in addition to providing support for day-to-day operations and M&A activity -- and successfully managed litigation matters, including 158 appeals to various Federal and State Courts of Appeal and 10 to the United States Supreme Court."
Right behind Watts on the best-paid list are Robert Reeves of Anadarko Petroleum Corp.; Larry Hutchison of Torchmark Corp.; and John Wombwell of Plains Exploration and Production Co.
All but six of the 51 general counsel on the best-paid list racked up at least $1 million in compensation in 2011, including the value of their equity compensation. That's more than in 2010, when 40 of the 48 general counsel on the best-paid list earned more than $1 million in compensation.
Texas Lawyer has reported on general counsel compensation in the annual Corporate Roster for the past 20 years.