David G. Cabrales

Of Counsel

David Cabrales is an attorney and lobbyist in the Austin and Dallas offices of Foley & Lardner. He is co-chair of the firm’s Texas State Government Solutions practice group, as well as co-chair of its Economic Development and Government Incentives practice group, and a member of the Texas Corporate Governance Team.

David has been immersed in Texas state government matters for over 20 years, including time spent as a Texas Racing Commissioner, as General Counsel to Governor Rick Perry, and as chairman of the Texas Economic Development Corporation. He represents clients at the intersection of law and public policy, both at the Legislature as well as in front state agencies and local governments. He has particular expertise in resolving matters before the Texas Commission on Environmental Quality, the Texas Health and Human Services Commission, the Texas Department of Insurance, The Texas Railroad Commission, and the Texas Racing Commission.

David is a member of the bipartisan Federal Judicial Evaluation Committee (FJEC), which is composed of leading Texas attorneys who screen and recommend to U.S. Senators John Cornyn and Ted Cruz nominees for vacancies on the federal bench and in U.S. attorney offices in Texas

David started his career as a briefing attorney for Texas Supreme Court Justice Raul Gonzalez. He has an undergraduate degree in International Trade from Texas Tech University and a law degree from SMU, where he attended as a Hatton W. Sumners Scholar.

Awards and Recognition

  • Selected by his peers for inclusion in The Best Lawyers in America© in the field of Commercial Litigation (2013-2024)
  • Recognized, Top Latino Lawyers, Latino Leaders Magazine (2017)

Affiliations

  • Member, State Bar of Texas
  • Member, Dallas Bar Association – Securities Section, Chairman (2004)
  • Member, Dallas Hispanic Bar Association

Community Involvement

  • Board Member, United Way of Texas
  • Member, United Way of Metropolitan Dallas Foundation
  • Member, Salesmanship Club of Dallas
  • Member, Texas Economic Development Corporation (2014)
    • Chairman, Board of Directors (2009-2012)
  • Appointed to Texas Racing Commission by Gov. Rick Perry (2006-2007)

Presentations and Publications

June 6, 2025 Energy Current

House Bill 3809 Adds Obligations to Battery Energy Storage Lessees in Texas

On May 29, 2025, House Bill No. 3809 was signed into law by Texas Governor Greg Abbott. Born out of a crop of bills regulating renewable...
June 3, 2025 Foley Corporate Governance Update

Texas Senate Bill 2337: Protecting Texas Companies and Their Directors, Shareholders and Boards from Proxy Advice Not in the Financial Interests of Shareholders

On June 2, 2025, the Texas Legislature passed Senate Bill 2337, meaningfully regulating proxy advisors like ISS and Glass Lewis when providing proxy voting recommendations concerning Texas companies.
May 19, 2025 Energy Current

Texas Supreme Court Gets “Salty” in Recent Underground Storage Opinion

On May 16, 2025 the Texas Supreme Court released its opinion in Myers-Woodward, LLC v. Underground Services Markham, LLC, 2025 WL 1415892...
May 7, 2025 Foley Corporate Governance Update

Passage of Senate Bill 29 Positions Texas as a Leading State for Incorporations

The three most significant reforms effected by S.B. 29 are codification of the "business judgment rule," allowing Texas corporations to adopt an ownership threshold that must be met for derivative claims, and allowing Texas corporations to set venue, and waive jury trials, for internal entity claims.
March 5, 2025 In the News

David Cabrales Featured in Q&A on Texas Gambling Legislation

Foley & Lardner LLP of counsel David Cabrales is featured in the Law360 Q&A, "Developers Lie In Wait For Texas Gambling's Passage," sharing insights on the latest efforts to introduce casinos and sports betting to Texas.
February 27, 2025 Foley Corporate Governance Update

Newly Filed Legislation Positions Texas as a Leading State for Incorporations

On February 27, 2025, Senate Bill No. 29 was filed in the Texas Legislature to introduce a series of corporate reforms that aim to make Texas the preferred jurisdiction for legal domestication.