Texas Powerhouse: Bracewell

Bracewell LLP was recently profiled by Law360 as one of five firms named to the publication’s list of 2022 Texas Powerhouses.

From overseeing energy giant Holly Energy Partners’ multibillion-dollar purchases to working toward obtaining a unprecedented $1.6 billion trial victory for BMC Software Inc., Bracewell had a banner year in 2021, which the firm’s leaders said reaffirmed to existing and potential clients its strong track record of providing legal services in myriad practice groups.

“I think it’s fair to say our firm continues to evolve,” said Stephen B. Crain, chair of the litigation section. “It’s a competitive marketplace. Everywhere we compete, it’s super competitive. But I think what is happening more and more is that the market as a whole is recognizing just how broad our expertise is, and our depth of expertise in specific areas.”

Other accomplishments include serving as co-bond and co-disclosure counsel to the North Texas Tollway Authority as it obtained $848 million in bond financing, and representing energy infrastructure company Kinder Morgan Inc. as it bought Stagecoach Gas Services LLC for $1.23 billion.

G. Alan Rafte, chair of the firm’s business and regulatory section, said that consolidation in the midstream energy business is now the name of the game with the recent uptick in the market.

Download the entire profile below.