Bakers Botts plans Houston expansion for 2016

Despite the downturn in energy markets, Baker Botts is hoping to add another 25 lawyers to its team next year.
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Jorg Hackemann

The firm expects work from the energy sector to increase as businesses adjust to the current climate by going in for M&A activity. 

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Partner Tim Florey said: 'Private company M&A, particularly in oilfield services, is getting more active. What you often initially see in market conditions like this is a disconnect in the buyer's and seller's price expectations. The longer these difficult market conditions last, the more in line the expectations become, and deals can get done.' Source: ABA

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