Thursday, May 15th, 2008

A poster over at Greedy Texas got me thinking about what the best qualitative metric of a BigTex vs. a MidTex firm is. They posit that “no one gives a crap” about gross revenue, and that Profits Per Partner (PPP) and Revenue Per Lawyer (RPL) are all that really matter.

Having examined the gross revenues numbers previously lets compare the PPP and RPL of the firms that matter most to this discussion (i.e., the firms compared last time based on gross revenue alone, and a few others that are more than just single-city shops, or Texas outposts of national/regional firms)


I noted a few of these firms as tied when their PPP and RPL were inverted and similar. All in all, a fairly surprising ranking (i.e., Winstead being closer in PPP and RPL to Kelly Hart than to, say, Thompson Knight)

However, I still am of the mind that BigTex and MidTex are more accurately terms denoting scale, a measurement for which gross revenue would seem to be the most pertinent metric. So I’d still draw the BigTex/MidTex lines according to gross revenue, but look to the PPP and RPL metrics to determine how efficient a firm is, and how rewarded one might be for their toil.

So of the four BigTex firms confirmed by gross revenue (Akin Gump, Fulbright, V&E, and Baker Botts), it looks like all but Fulbright hold up their end of the bargain on PPP and RPL as well.

Thx to Greedy Texas and the Texas Lawyer

What a lineage

The Green Bag (to which Texas’ own Bryan Garner is an adviser) is set to publish a fascinating article by St. John’s professor John Q. Barrett that reveals some endlessly interesting tidbits from the late Chief Justice Rehnquist‘s time as a law clerk to Justice Robert Jackson–who was almost universally acclaimed by the current SCOTUS Justices as the best SCOTUS writer to ever put pen to paper.


Most interesting to me however, are the above photographs that the article reprints for the first time, which reveal a much more mischevious and humorous Rehnquist than his image belied in later years.

Also, it is intriguing to note, as Bryan Garner did, that the current Chief Justice traces a direct juristic lineage to Justice Jackson by virture of Chief Roberts having clerked for Chief Rehnquist, who in turn clerked for Justice Jackson.

Thx to Slate’s Convictions and Professor Barrett

I wouldn't want to stand in front of either of these men

The two best running backs in UT history, and two of the best that ever took a handoff for that matter, played together at a golf tournament earlier this week.

Ricky reflected on his uneven professional career and revealed that Dolphins Executive Vice President of Football Operations Bill Parcells went out of his way to retain Ricky, much to the UT legend’s surprise.

Meanwhile, Earl had some sage advice for another great UT running back, Cedric Benson, and his recent boating adventures on Lake Travis (of note, Ricky revealed Cedric had invited him to join the merry mariners that Saturday, but Ricky declined):

I think at some point you have to stand up and take responsibility and realize that you not only represent Cedric Benson and the Chicago Bears and your family. It’s bigger than that …. You represent the university family. You as a man should have some pride in what you do …. Right now, everybody remembers Cedric Benson by what happened up on the lake. Nobody remembers what a great football player he is …. You’ve kind of got to start thinking, and you’ve kind of got to do it before you get 52 years old, you know?

Pretty sage advice from Earl. He more than anyone knows that when it’s all over with, former UT players are often more embraced and honored here in Texas for their contributions to the Longhorns than by the NFL fans of the teams for which they later played.

This reunion of UT greats reminded me of an interview the two did together about a decade ago, when UT was still routinely getting shellacked by nationally prominent opponents.

Now’s a good time to remember two of my favorite Earl runs, the first is from his UT days, and the second comes at about 1:13 from his legendary Oiler career. I don’t know if I’ve seen another running back who, from a standstill, could take one stutter-step and then knock an NFL defensive lineman on his backside.

Thx to Earl, Ricky, and the Statesman