Texas has long been a hub for corporate law, thanks to its business-friendly environment, robust infrastructure, and diverse economy. As we enter 2025, the state’s role in corporate mergers and acquisitions (M&A) activity is more significant than ever. With over $50 billion in total deal value in 2025 alone, Texas law firms are taking the lead in some of the most high-profile corporate transactions across the country, positioning the state as a premier destination for corporate law practices.
The Rise of Texas M&A Activity
In 2025, Texas firms have been at the forefront of M&A transactions, participating in deals that span multiple industries, from energy to technology to healthcare. The state’s favorable business environment, including no state income tax and a pro-business regulatory framework, has made it an attractive destination for companies looking to consolidate, expand, or diversify. Texas’ diverse economy, home to both major Fortune 500 companies and a growing startup ecosystem, continues to drive this M&A boom.
One of the most high-profile M&A deals in Texas in 2025 involved Houston-based Baker Botts LLP, which represented an energy company in a $10 billion merger with a rival. The resulting entity now stands as one of the largest oil and gas companies in the world, marking a major milestone in Texas’ energy sector. This deal, which spanned over 18 months of intense negotiations, required an in-depth understanding of both local and international regulations and a high level of expertise in energy law.
Baker Botts’ role in this historic deal highlights the firm’s leadership in the energy space. Texas has long been a leader in oil and gas production, and law firms like Baker Botts have honed their expertise in handling large-scale energy deals. The firm’s attorneys played an instrumental role in navigating the complexities of the merger, which required approval from both U.S. regulatory bodies and international authorities. The success of this deal serves as a testament to Texas’ continued dominance in global energy markets.
Dallas’ Sidley Austin LLP and the Tech Sector Boom
Similarly, Dallas-based Sidley Austin LLP has made significant strides in the technology sector. In 2025, the firm represented a major software company in its $7 billion acquisition of a cybersecurity firm, positioning the client as a leading player in the rapidly growing field of cybersecurity. Sidley Austin’s involvement in this deal underscores the increasing importance of technology law in Texas, with law firms expanding their expertise to keep pace with the digital transformation happening across industries.
As more businesses shift to digital operations, the need for cybersecurity solutions has never been greater. Sidley Austin’s work with this acquisition reflects a broader trend in Texas’ legal landscape, where technology law is now as critical as corporate law. The state’s strategic focus on emerging sectors like technology and cybersecurity has bolstered its position as a leader in corporate legal work.
A Broader View of Texas’ Corporate Law Landscape
The surge in M&A activity also extends to other sectors, such as healthcare, telecommunications, and real estate. Texas has seen a steady rise in healthcare mergers, particularly as hospitals and medical centers look to consolidate resources in response to an evolving healthcare market. Legal professionals in the state are playing a key role in structuring and negotiating these deals, ensuring that healthcare providers can maintain quality service while reducing costs.
Real estate transactions have also seen a notable increase, with Texas’ booming population and urban development projects driving M&A activity in the sector. From commercial properties to residential developments, Texas law firms are involved in transactions that shape the state’s urban landscape.
In addition to their work on high-profile deals, Texas firms are also playing an increasingly prominent role in cross-border M&A transactions. As global companies look to expand into the U.S. market, Texas-based firms have become the go-to advisors for navigating the complexities of international business law.
The Future of Corporate Law in Texas
Looking forward, Texas law firms are poised to continue their dominance in M&A activity. As businesses face ever-changing challenges and opportunities, legal professionals in the state are uniquely positioned to guide companies through complex transactions. With expertise in everything from energy law to technology to healthcare, Texas firms are an essential part of the nation’s corporate legal infrastructure.
