In 2015, the Houston-based firm topped $1 million in revenue per lawyer for the first time—"finally," says managing partner Andrew Baker. Specifically, RPL climbed 7.4 percent, to $1.01 million, and gross revenue rose 7.9 percent, to $704.5 million. Profits per partner increased 6.2 percent, to $1.805 million.
Diversification was key to the firm's success. "While commodity prices were down, we're more diversified [than some other Texas firms], so we saw strong performance across the board," Baker says. Eight of the firm's top 15 clients, as measured by revenue generated for Baker Botts, are in the technology sector, not energy.
Still, one of the firm's splashiest successes in 2015 was for an energy client: a victory in district court in Fort Worth for Russian oil and gas company OAO Gazprom in a suit brought by Moncrief Oil International. Moncrief's $1.37 billion claim was dismissed with prejudice after the company was accused of producing a falsified key document.
Will 2016 be another record-breaking year? Baker says that's no sure thing, despite the firm's diversification. "It will be challenging," he says.
To read the Full article, Tech Work Shields Baker Botts From Energy's Slowdown, visit The American Lawyer website.
HONG KONG, September 2, 2015 - Baker Botts L.L.P., a leading international law firm, announced today that Michael Arruda, Joanne
“Baker Botts is a top global legal brand, and adding high-quality lawyers supports our international growth strategy and offers significant additional value to our clients,” added Mr. Baker.
Arruda, Du and Georgiou join Baker Botts from the Hong Kong office of Jones Day.
“Over the last 12 months, we have added new lawyers in London, Dubai and now Hong Kong/Beijing. This speaks to our commitment to expanding our international capabilities through the addition of highly regarded lawyers with in-depth knowledge and experience in their respective practice areas,” said Jamie Baker, Chair of Baker Botts’ Global Projects Group.
“Joining Baker Botts positions our practice on a world-renowned energy platform,” said Mike Arruda. “The firm’s reputation in arbitration will further enable, as well as enhance, the
About the Lawyers
Michael Arruda has over 30 years of experience in a broad range of oil and gas matters, primarily representing international and national oil and gas companies and other industry clients in their full range of activity, from exploration and development through midstream processing and transportation, to downstream refining and sales, as well as oilfield services. Mike also has significant oil and gas merger and acquisitions experience for Asian-based clients going overseas as well as global clients looking to invest in Asia.
Joanne Du counsels national and international oil and gas clients in mergers and acquisitions, joint
Phillip Georgiou is a highly respected international arbitration lawyer with significant experience, having represented clients in arbitration cases in Hong Kong, Singapore and throughout the Asia region before various institutions including ICC, HKIAC, SIAC, JCAA, KLRCA and CIETAC as well as ad hoc tribunals under the UNCITRAL Rules of Arbitration. He is well known in the Hong Kong construction disputes field and has regularly represented clients in both arbitration and High Court litigation proceedings. In addition, he is one of the few international arbitration lawyers in Asia with considerable experience in energy-related disputes, including matters arising out of production sharing contracts, joint operating agreements, construction and engineering contracts, operation and maintenance agreements and power purchase agreements.
HOUSTON, March 9, 2016 - Baker Botts L.L.P., a leading international law firm, today announced that Andrew M. Baker has been reappointed as Managing Partner for a second term that expires in 2019.
First appointed in 2012, Mr. Baker is the 14th individual to hold the role in the firm’s 176 year history.
Mr. Baker joined Baker Botts’ Houston office in 1979, shortly after graduating from the Cornell Law School. In 1985, he relocated to Dallas to help open what is now the firm’s third largest office. In 2012 he returned to Houston when he was first elected Managing Partner.
“Serving as Managing Partner of Baker Botts has been the highlight in my over 30 year legal career. I am delighted and honored that my partners have asked me to serve in this capacity again,” said Andrew M. Baker.
“Over the last four years, our focus has been on providing the highest levels of client service, and on innovating and modernizing our business, while at the same time remaining true to our firm’s core values of professional excellence, teamwork and collegiality, integrity and service to the communities in which we practice. This will remain our focus over my second term,” added Mr. Baker.
During Mr. Baker’s first term, the firm embarked on a program of innovation and investment, focusing on creating close client relationships, pricing and value delivery, practice management, talent acquisition and retention, marketing and business development, professional development, diversity, and state of the art information technology systems.
For additional biographical information on Mr. Baker, please click here.
HOUSTON, April 27, 2016 - Baker Botts L.L.P., a leading international law firm today announced that it was sponsoring and co-underwriting the Houston Grand Opera’s production of What Wings They Were: The Case of Emeline.
The Opera tells the 1848 story of Emeline, a young African-American woman who successfully sued the man who was holding her and her two children as slaves. Emeline was represented by Houston lawyer Peter Gray. Gray was one of the founding partners of Baker Botts.
“The story of Emeline and her fight for justice really speaks to the principles upon which our firm was founded,” said Andrew M. Baker, Managing Partner of Baker Botts. “After 176 years, we are proud to still hold those traditions as part of the fabric of our firm, and are thrilled to be sponsoring this exciting production with the Houston Grand Opera,” added Mr. Baker.
The story, which was uncovered by State District Judge Mark Davidson, has been turned into a 40 minute opera by Houston based composer John L. Cornelius II and librettist Janine Joseph.
“The opera will be performed at the Houston District Court House, which was built on the grounds of the court house where the original Emeline trial was held,” said William Kroger, a Houston based partner at Baker Botts, who extensively researched the history of the firm.
The production will be performed on April 30th and May 1st, with special fundraising performances benefiting the Houston Bar’s Pro Bono efforts slated for May 3rd and 4th. In total, there will be ten performances, including performances at Houston area schools.
For additional information on the production, please click here.
On April 19, 2016, the Supreme Court issued an opinion rejecting state subsidies for new generation which supplement the price a generator receives in the wholesale capacity market with payments that are dependent on a generator clearing in the market.
Four years after articulating a new test for pipeline owners to establish common carrier status in Texas Rice Land Partners Ltd. v. Denbury Green Pipeline-Texas, LLC, the Texas Supreme Court has again granted review in that case, this time to resolve how that test should be applied on summary judgment.
U.S. Supreme Court Issues Stay of Clean Power Plan
On February 9, 2016, the U.S. Supreme Court granted several requests to stay EPA’s Clean Power Plan while legal challenges to the rule are pending.
On April 13, 2016, the U.S. House Ways and Means and Senate Finance Committee introduced corresponding legislation to reform the process of selecting temporary tariff suspensions or reductions for consideration in a miscellaneous tariff bill package.
On April 4, 2016, the U.S. Department of the Treasury announced the release of new temporary and proposed regulations aimed at curbing the practice of inversions by domestic taxpayers to comparatively low-tax foreign jurisdictions.
On April 22, Baker Botts released the inaugural edition of the firm's Private Equity Report, which examines recent developments and trends impacting private equity funds and the companies in which they invest.
Baker Botts' latest PTAB Trials Blog posts discusses how for the first time since its inception, the Patent Trial and Appeal Board (PTAB) came under the scrutiny of the Supreme Court on Monday in Cuozzo Speed Technologies, LLC v. Lee.
On April 13, 2016, the Securities and Exchange Commission voted to issue a 341-page Concept Release to revisit and seek public comment on the business and financial disclosure requirements of Regulation S-K.
In the 2016 edition of Chambers Europe, Baker Botts' practice area and individual rankings show growth over their 2015 performances.
On November 6, 2015, Baker Botts Advises Hercules Offshore In Prepackaged Chapter 11 Case Restructuring over $1.2 Billion in Debt.
In the Baker Botts IP Report, lawyers share their insight on the latest Intellectual Property topics.
Last week, President Obama issued an Executive Order ostensibly designed to further promote competitive conditions and root out antitrust abuses in industries across the American economy, including the healthcare, energy, and broadband industries which were specifically identified in the Executive Order.
Last week, in Globe Motors, Inc and others v TRW Lucas Varity Electric Steering Limited and another  EWCA Civ 396, the English Court of Appeal said that parties are able to modify the terms of their contract orally, or by conduct, even though a clause in the contract requires all variations to be in writing.