Paul
Weiss
had
big
plans
to
expand
the
Biglaw
firm,
looking
to
make
their
mark
in
the
growing
city
of
Houston.
But,
as
reported
by
Bloomberg
Law,
that
has
not
gone
the
way
partner
Scott
Barshay
hoped.
The
firm
is
looking
to
H-town
for
its
private
equity
and
oil
and
gas
proximity
—
something
that
only
really
works
with
partners
to
populate
the
office.
And
that’s
where
Paul
Weiss
has
struck
out.
Partners
at
firms
including
Kirkland
&
Ellis,
Latham
&
Watkins,
Sidley
Austin
and
Baker
Botts
ended
talks
about
joining
the
[Paul
Weiss]
office,
five
people
familiar
with
the
matter
said.
Some
turned
down
guarantees
of
$10
million
to
$15
million
for
multiple
years.The
partners
were
comfortable
at
their
current
firms,
which
have
established
presences
in
the
Houston
market,
said
three
of
the
people,
who
requested
anonymity
to
discuss
the
private
talks.
But
that
doesn’t
mean
Paul
Weiss
is
giving
up!
Remember
the
firm
recently
adopted
a
black
box
partner
compensation
system
to
lure
lateral
partners.
So,
yes,
Houston
is
an
increasingly
popular
location
for
Biglaw,
with
lots
of
firms
looking
to
make
their
mark
in
the
city,
and
Paul
Weiss
is
committed
to
the
idea
of
a
Houston
office,
so
it’s
really
only
a
matter
of
time.
Kathryn
Rubino
is
a
Senior
Editor
at
Above
the
Law,
host
of
The
Jabot
podcast,
and
co-host
of
Thinking
Like
A
Lawyer.
AtL
tipsters
are
the
best,
so
please
connect
with
her.
Feel
free
to
email
her
with
any
tips,
questions,
or
comments
and
follow
her
on
Twitter
@Kathryn1 or
Mastodon
@Kathryn1@mastodon.social.