Jenkins & Gilchrist was one of the biggest law firms till the 2000’s. With a strength of almost 600 lawyers and attorneys and 8 offices across the United States, Jenkins & Gilchrist was a full-service law firm on its way to the top.
Established in 1951, it was initially known as Jenkens & Bowen and it was created to service the business legalities of the Murchisons, who was the actual sponsor of the law firm.
Because of the diversified interests of the Murchison's family business, Jenkens & Bowen soon evolved into a law firm dealing with all manners of business matters. This helped the firm to enjoy steady growth and expand its staff strength. By1952 Henry Gilchrist joined the firm, armed with a degree in civil engineering from Texas A&M and an honors degree from University of Texas School of Law in 1950, his area of expertise was mergers, acquisitions and securities. This is what soon earned him a secure partnership in the firm. This is how Jenkins and Bowen become Jenkins & Gilchrist.
Over the years Jenkins & Gilchrist has been embroiled in a number of controversies. In 1987 it was drawn into the savings and loans scandal. The Federal Savings and Loan Insurance Company sued Jenkins & Gilchrist for $100 million. Accusing the firm of malpractice and failed thrifts: Brownfield Savings and Loan Association and State Savings and Loan Association. As a result Jenkins & Gilchrist paid up $18 million as settlement in 1989.
Even now Jenkens & Gilchrist is in hot waters. The firm is still being haunted by the savings and loan scandal of the 1980s, it is presently under investigation by the Federal Deposit Insurance Corporation (FDIC) for involvement in the same scandal and more recently the Internal Revenue Service has opened an investigation and forced Jenkens to reveal the names of clients it advised on questionable tax shelter schemes.
Jenkens and Gilchrist PC was one of the largest law firms in the United States with its headquarters in Dallas, Texas. The firm also had branch offices in other parts of the United States including the power hubs of the country– Chicago, New York, and Washington D.C. The firm was a full-service legal organization known for delivering impeccable, comprehensive services in over twenty practice areas of law. The attorneys at Jenkens and Gilchrist PC were especially outstanding in handling cases related to Banking Industry Mergers and Intellectual Property.
Jenkens and Gilchrist PC was established in 1951 to cater to the legal needs of the powerful Texas oilman Clint Murchison. The founding fathers of the firm were former Assistant Attorney General Holman Jenkens and William H. Bowen, who was distinguished for his knowledge of Finance Law. The two dynamic lawyers were joined by Henry Gilchrist who brought his profound knowledge of Mergers, Securities, and Acquisitions to the firm and played an instrumental role in making Jenkens and Gilchrist PC a force to be reckoned with in Business and Corporate Law. The firm continued to grow as more and more dynamic and skilled attorneys became a part of its legal team. It also strategically joined hands with other well-established firms and opened offices in other parts of the country. However, the downfall of Jenkens and Gilchrist PC came in the form of financial troubles. It tried its level best to solve its issues, but soon it started to unravel, and eventually, the firm with over 600 attorneys and multiple offices all over the country had to stop its operations. The firm has been defunct since March 31, 2007; many of its attorneys have joined other law firms and continue to provide high-quality legal services to people belonging to all walks of life.