The collapse of the oil and real estate markets in Texas in the late ‘80s and early ‘90s pushed hundreds of banks and savings and loans to the brink of failure, forcing federal regulators to face the most serious banking crisis since the Great Depression.  There were so many empty offices in Dallas that the city could have absorbed all of downtown Boston.  Despite the devasting effects of the financial crisis, Passman & Jones kept going.  Because of the depth and breadth of the firm’s civil practice, Passman & Jones survived and succeeded, while many other law firms and local businesses failed.

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