By 1925, V&E has become one of the most successful law firms in Texas and is growing exponentially. Peddy strongly opposed the candidacy of Mayfield, who had the backing of the Ku Klux Klan.
Wood’s hiring started a long-running precedent of recruiting experienced partners.
(Internal promotion was relatively uncommon among most law firms at the time.) Wood remained with V&E until 1924.
Recognizing an increase in disputes over rapidly evolving oil field technology, Judge Elkins hires J. Martin made partner in 1942 and remained with the firm until 1971. The firm handled Moody-Seagraves’ significant financing and corporate transactional matters, including its sale in 1929 to the Electric Bond & Share Company, which gave rise to the United Gas System. He would go on to achieve the rank of lieutenant colonel and serve as deputy military governor of Frankfurt in 1945, where he led humanitarian efforts to provide for tens of thousands of displaced Europeans who were ravaged by poverty and famine. Peddy entered the 1948 Democratic primary and polled nearly 20 percent of the vote in a three-way race, denying an outright win to former Texas Governor Coke Stevenson, who had won nearly 40 percent of the vote. TETCO founders included Judge Elkins, Francis, and construction magnates George and Herman Brown.
By the end of the year, the firm has five major oil companies as clients – The Pure Oil Company, Vacuum Oil Company, Humphreys Corporation, Prairie Oil & Gas Company and Phillips Petroleum Company; a host of insurance companies; and the largest gas company in the South, Moody-Seagraves. V&E would continue to represent United’s pipeline and exploration operations for years to come. Ryan, which invalidates a provision of the National Industrial Recovery Act that allowed President Franklin D. State of Texas, requiring more racially diverse representation on grand juries in Texas. Peddy was awarded the Bronze Star medal and the Croix de Guerre for his service. Stevenson was forced into a runoff that ended in a highly controversial loss to then U. Built by the federal government during World War II, the pipelines stretched from Texas to New Jersey and served as an alternative means for shipping crude oil across the country after tankers began falling prey to Axis submarine attacks.
Vinson, who had developed a reputation as an insurance expert and influential state government lobbyist, brought a number of clients to the partnership.
In addition to his own clients, Judge Elkins’ valuable network of relationships would help V&E generate business and recruit top attorneys to the firm.
Humpreys eventually sold a stake in his company to The Pure Oil Company, which itself later became a major firm client.
Texas Bar Association president and noted litigator Claude Pollard joins the firm as a named partner.
Pollard stayed with Vinson, Elkins, Wood & Pollard for just one year and went on to become elected Texas Attorney General in 1926.