Norton Rose Fulbright US LLP

Norton Rose Fulbright US LLP

Norton Rose Fulbright US LLP descends directly from Fulbright & Jaworski LLP, the storied Houston law firm founded in 1919. The US partnership became part of the Swiss verein structure in 2013 when Fulbright & Jaworski merged with the global Norton Rose network, creating one of the largest law firms by headcount. The US entity's retirement plan, filed under this corporate structure, reflects the firm's own pension assets. The pension's portfolio disclosure reveals a significant commitment to direct commercial real estate. Holdings include positions in Fulbright Tower at 1301 McKinney Street in Houston, 1301 Avenue of the Americas in New York, Frost Tower in San Antonio, 2200 Ross Avenue in Dallas, and a stake in Toronto's TD Centre. Internationally, the fund holds 3 More London Riverside, alongside curated corporate art collections in Toronto and Australia. The strategy appears to favor long-dated, high-quality office assets in major metros. The US firm operates from Houston under US Managing Partner Jeff Cody. The broader organization is a verein — a Swiss coordination structure — linking separate member firms across jurisdictions. In 2017, the firm absorbed Chadbourne & Parke LLP, adding project finance and energy depth. The pension fund's professional network participation, including the International Bar Association and Houston Bar Association 100 Club, signals institutionalized corporate membership rather than individual practitioner affiliations. Structurally, this is not a conventional family office or independent asset manager. It is the retirement vehicle embedded within a global professional partnership, holding direct real estate and art — a posture distinct from the diversified fund-of-funds approach common among large law firm pension plans. The verein model means the plan's governance sits with the US LLP, effectively ring-fenced from the global network's non-US liabilities.