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.
1000 Main Street
Houston, TX 77002
Phone: (713) 226-6000
Employer Type: Private
Managing Partner: Robert G. Reedy
Hiring Attorney: Jonathan M. Pierce
Total No. Attorneys 2016: 115
1st year: $160,000
Summer associate: $3,077/week
Houston, TX (HQ)
Oklahoma City, OK
Architecture & Engineering
Bankruptcy, Restructuring & Creditors' Rights
Chemical & Refining
Commercial Lending & Finance
Energy – LNG
Energy – Midstream
Energy - Oilfield Services / Drilling
Energy – Power
Energy - Renewable & Alternative
Energy - Upstream Oil and Gas
Trust, Probate, and Estate Planning