Thoughts on Sullivan & Cromwell opening a Houston office? It’s unclear to me how they expect to compete with Latham and K&E. This isn’t NYC, brand alone doesn’t translate into wins here. It also raises the question of whether this starts to resemble Skadden Houston: present for years, but never close to market-leading, or whether it looks more like Paul Hastings or Clifford Chance: trying to grow in Houston but unable to attract the real market players.