With several Texas firms posting record financials for 2016, the 20 highest-grossing firms in Texas collectively did much better in 2016 than in 2015—boosted in part by recovery in the energy industry.
Gross revenue for the 20 firms totaled $5.52 billion in 2015, up 3.4 percent when compared with the $5.34 billion in revenue for those same firms in 2015. That significant increase was largely due to record financials at Vinson & Elkins, huge increases at Baker Botts as a result of large contingent-fee litigation fees, and strong performance by other firms, including Jackson Walker and Coats Rose.
