Operating out of offices in Houston and Oklahoma City, Porter
Hedges is a full-service firm that is particularly well-known for
its Energy (Oil & Gas) practice. Fortune 500 companies, NASDAQ
and NYSE-listed holdings and ambitious startups are regular game
for representation, for which the firm handles matters like private
equity, venture capital, and M&A.
A Unique Model
In 1981 nine 30-something partners from three different Houston
firms came together to found what was then known as Porter &
Clements. The firm was intended to be more democratic than
large firms, rewarding performance and not seniority. The firm also
recruited aggressively, matching BigLaw salaries from the start and
introducing signing bonuses to the Houston market. The aggressive
recruiting worked; the firm quickly grew to 20 attorneys in its
first year. Since that time, Porter Hedges has grown to be the
seventh largest law firm in Houston and among the largest firms in
Texas with more than 110 corporate attorneysd and litigators, and
nearly $100 million in annual revenue.
Although operating out of only two cities, Porter Hedges has
received national recognition. The firm was selected by the
National Law Journal as one of only 20 firms from across
the U.S. for inclusion in its "Midsize Hot List" in 2010 and 2012.
In 2014, seven practices and 12 partners were recognized by
Chambers USA among industry leaders. Legal 500 ranked
Porter Hedges among the leading bankruptcy and construction
practices in the country; and 19 attorneys were named to The Best
Lawyers in America list.
It's All About the Oil (and Gas)
Porter Hedges' Texas and Oklahoma City offices are prime
locations for its Energy practice, which focuses on oil and gas.
The firm negotiates transactions and M&As involving assets with
net worths ranging from the hundreds of millions to billions.
In 2014, Porter Hedges represented affiliates of American Energy
Partners, LP (AELP) in the acquisition of shale acreage in the
Marcellus, Utica and Permian Basin in three separate transactions
with a combined acquisition price of $4.25 billion. The firm also
represented Chesapeake Energy Corp. in its $5.375 billion sale of
Marcellus and Utica shale assets to Southwestern Energy.
The firm's Energy deals haven't gone unnoticed. Chambers
USA ranks the practice among the leading firms nationally;
Oil and Gas Monitor listed Porter Hedges among a select
group of firms nationally that "Really Dig" Oil & Gas in 2013;
and Texas Lawyer listed the 2011 Noble Energy $3.3 billion
joint venture with CONSOL Energy as one of Texas' Top Deals.