Jackson Walker firmwide managing partner Wade Cooper was quoted in a January 22, 2015, article in Law360 about the expansion of the Austin legal market.
The article, “Austin Legal Market Comes Of Age As Tech Drives Growth,” looks at the opportunities for law firms to expand with clients who are demanding more sophisticated corporate and intellectual property work.
Despite Austin’s growing and dynamic business climate, hourly rates for legal services still trail those charged in Dallas and Houston, which are much larger markets, and there are few clients willing to pay East Coast rates, according to the article.
“There are some portions of the market where people are paying rates akin to Dallas and Houston, but not that many,” said Mr. Cooper. “We have a limited number of Fortune 500 companies with a huge presence here, but it’s still a very entrepreneurial town. It’s just different.”
Mr. Cooper said that Jackson Walker has thrived because of its lower overhead and ability to structure its rates to provide a good value for its clients. “National firms with higher overhead are going to have a harder time in Austin,” he said.
To read the full article, click HERE.
Mr. Cooper has handled substantial commercial litigation, arbitration, and bankruptcy matters in Texas, and in federal and bankruptcy courts in a number of other states. His clients include telecommunications carriers, national banks and other financial institutions, equipment manufacturers, and technology companies. Mr. Cooper began his practice with Jackson Walker in the Dallas office in 1981. In 1997, he moved to Austin to establish a new office for Jackson Walker. Mr. Cooper received his B.S. degree, summa cum laude, in Economics and his B.A. degree, summa cum laude, in Political Science from Southern Methodist University. He received his J.D. degree, with honors, from the University of Texas.