Dec 24, 2015 · Dec. 23, 2015 Joe Jamail, a celebrated Texas lawyer who had flunked civil negligence in law school and barely passed the bar exam but went on to dazzle his profession by winning gargantuan...
Dec 23, 2015 · Attorney. Joseph Dahr Jamail, Jr. was an American attorney and billionaire. Jamail was born in Houston, Texas. He was a graduate of St. Thomas High School in Houston, Texas. After graduation he attended the The University of Texas at Austin (UT) for one semester before joining the United States Marine Corps in 1943.
He built his Texas practice on personal injury cases but is best known for representing Pennzoil against Texaco in the oil giants' high-profile legal battle in 1987. He won $10.5 billion for Pennzoil and personally pocketed $345 million in contingency fees.
Willie E. Gary Net WorthNet Worth:$200 MillionDate of Birth:Jul 12, 1947 (74 years old)Gender:MaleProfession:LawyerNationality:United States of America
Top 50 Richest LawyersPeter Angelos. $2 Billion. ... Joe Jamail. $1.7 Billion. ... Jerry Reinsdorf. $1.5 Billion. ... Wichai Thongthan. $1.1 Billion. ... William Lerach. $900 Million. ... Bill Neukom. $850 Million. ... Judge Judy. $440 Million. ... Kurt Rappaport. $350 Million.More items...
December 23, 2015Joe Jamail / Date of death
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In 2014, the year before his death, Forbes estimated his net worth at $1.7 billion, making him the 373rd richest person in America....Joe Jamail.Joseph D. Jamail Jr.CitizenshipUnited StatesEducationUniversity of Texas at AustinAlma materUniversity of Texas School of LawOccupationAttorney2 more rows
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Jamail was born to a Lebanese family. He was a graduate of St. Thomas High School in Houston, Texas. He attended the University of Texas at Austin (UT) for one semester before joining the United States Marine Corps in 1943.
In 1985, Jamail represented Pennzoil, whose CEO Hugh Liedtke was Jamail's close friend, in a lawsuit against Texaco. Pennzoil won the case and his contingency fee was $335 million.
Jamail made large donations to Rice University and The University of Texas at Austin. The football field at Darrell K. Royal–Texas Memorial Stadium is named Joe Jamail Field in his honor, and so is the Joseph D. Jamail Jr. Pavilion at The University of Texas School of Law.
Long known as the King of Torts, Mr. Jamail worked on a contingency fee basis, usually one-third of the award, and earned $10 million to $25 million a year in the decade before the Pennzoil case.
The case, in which Pennzoil accused Texaco of improperly interfering with its 1984 deal to buy part of Getty Oil, was Mr. Jamail’s first on behalf of a major corporate client, and it elevated him overnight from the lone star of Texas courtrooms to near-mythical status in American jurisprudence.
Unable even to post a bond to cover the award during appeals, Texaco filed for bankruptcy and settled the case for $3 billion in 1987. Mr. Jamail’s fee was said to be $345 million.
He was 90. The University of Texas, where he was a major benefactor, confirmed his death on its website. Mr. Jamail’s specialty was personal injury cases — people hurt in accidents or by commercial products — and over five decades he won more than 500 lawsuits and $13 billion in judgments and settlements for his clients.
Jamail lived in Houston. In law school at the university, Mr. Jamail flunked his first course on torts, the field in which he would excel. Classmates recalled him as a gregarious, storytelling saloon companion and a brilliant but indifferent student. Months before receiving his law degree in 1953, he took the Texas bar exam on a $100 bet, ...
Rodolfo Gonzalez/American-Statesman. “I overtrained,” he said. His first job was at Fulbright, Crooker, Freeman, Bates & Jaworski, a politically connected white-shoe law firm in Houston, whose best-known partner, Leon Jaworski, was later the special prosecutor in the Watergate scandal.
From left, Harry Reasoner, Joe Jamail and Darrell Royal at the University of Texas in 2003.