Not too long ago, Howard Wolf’s biggest dilemma was deciding where he and his wife would move after he retired from Houston-based Fulbright & Jaworski. They were torn between Aspen, Colo., Santa Barbara, Calif., Asheville, N.C., and Santa Fe, N.M. Instead, Wolf, 65, was persuaded to delay his retirement until 2004 so he could move from Houston to Austin in 1999 to head up the firm’s new Technology and Emerging Companies Group.

Wolf says the firm’s decision to put a gray-haired corporate securities lawyer in charge of the firm’s TEC group is intended to show clients how serious the 761-lawyer firm is about getting business in the New Economy and making sure it’s staffed properly.