Portfolio Media . Inc . | 230 Park Avenue , 7 th Floor | New York , NY 10169 | www . law360 . com Phone : + 1 646 783 7100 | Fax : + 1 646 783 7161 | customerservice @ law360 . com
Texas Powerhouse : Bracewell LLP
By Tom Lotshaw
Law360 ( September 18 , 2024 , 4:18 PM EDT ) -- Bracewell LLP has been helping clients navigate billiondollar deals and other big projects , while securing major courtroom wins , since its founding in the Lone Star State just shy of eight decades ago , earning it a spot among Law360 ' s Regional Powerhouses of 2024 .
Nearly two-thirds of the firm ' s 300 attorneys are based in Texas , where Bracewell has offices in Austin , Dallas and San Antonio , along with its headquarters in Houston , a city dubbed the " Energy Capital of the World ."
That proximity to Texas ' energy industry has long colored Bracewell , which touts itself as a firm of choice for the full array of energyrelated transactions and legal and regulatory matters .
" In the energy field , I think that there ' s no one that ' s as deep as we are ," Bracewell partner Warren W . Harris , the chair of the firm ' s appellate practice , told Law360 .
" We are chock-full of Texas lawyers who have practiced here their entire careers and dealt with Texas clients . That ' s why we know energy so well , having our base here ," Harris said . " But we ' ve also grown and expanded our footprint ."
On that energy front , Bracewell advised Houston-headquartered company Phillips 66 on a $ 3.8 billion take-private acquisition of DCP Midstream that boosted Phillips ' access to an extensive pipeline network serving key production basins .
The transaction , completed in June 2023 , increased Phillips 66 ' s economic interest in DCP Midstream to almost 87 %, according to Bracewell , which had previously helped the company set up DCP Midstream as a joint venture with Enbridge Inc .
Partner Stephanie Song said the deal highlights the bread-and-butter work of Bracewell ' s energy practice and the appropriateness of its slogan , " We Know Energy ."
" We trademarked that phrase ," Song said , " and it ' s evident in what we do ."